TY  - RPRT
        AU  - FitzRoy, Felix
AU  - Nolan, Michael A.
        TI  - Education, Income and Happiness: Panel Evidence for the UK
        PY  - 2017/Nov/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 11185
        UR  - https://www.iza.org/publications/dp11185
        AB  - Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age – to our knowledge for the first time. The highly educated went from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In panel LS regressions with individual fixed effects, none of the income variables was significant for the highly educated.
        KW  - life satisfaction
KW  - economic growth
KW  - income
KW  - education
KW  - Easterlin Paradox
        ER  -