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situations where a person is satisfied with his/her life while he/she is unsatisfied economically, or where a person is unsatisfied with his/her life and, at the same time, his/her economic satisfaction is high (Rojas, 2008b).
 
Empirical research has focused on different factors associated with subjective well-being and satisfaction. In agreement with psychological and sociological studies (Argyle, 1999), economic research has identified a set of personal and social characteristics associated with life satisfaction. Most studies using data from North America and European countries have found the level of reported life satisfaction to be high among those who are married (Blanchflower and Oswald, 2004b; Easterlin, 2003; Carroll, 2007; Clark et al., 2005; Ferrer-i-Carbonell and Frijters, 2004), women (Oswald, 1997; Clark, 1997), whites (Oswald, 1997; Alesina et al., 2004), the well-educated (Blanchflower and Oswald, 2004a; Frey and Stutzer, 2003; Borooah, 2005), the self-employed (Blanchflower, 2000; Blanchflower, 2004; Frey and Benz, 2003; Alesina et al., 2004), the retired (Di Tella et al., 2003), and those occupied with home duties (Di Tella et al., 2003; Borooah, 2005).
 
The relation between an individual's age and happiness seems to be a bit more complex. Many people believe that the quality of life deteriorates with age and that old people should be unhappier than young people since the old tend to have a worse health, less income, and few are married. Nevertheless, many studies have surprisingly thought that old people report levels of happiness comparatively higher than young people, though this effect tends to be small. Frey and Stutzer (2001) have indicated four reasons that can explain this positive relationship between age and happiness:
 
(i) the old have lower expectations and aspirations. For example, an elderly person waits to remain without work and possibly widower, so the effects of the loss will be lower on the old than on the young.
 
(ii) They have little disparity between goals and achievements, since the eldelrly's goals are fixed closer to what reasonably they can reach.

(iii) Older individuals have had more time to adjust to their life conditions, and

(iv) old people have learned how to reduce the negative events of the life and how to regulate the negative affects. Besides, economists have identified a U-shape in the relationship between age and happiness (e.g. Oswald, 1997; Blanchflower and Oswald, 2004a). This implies a convex shape in the relationship of life satisfaction with age. Life satisfaction decreases with age until it reaches a minimum, increasing afterwards. For North America and European countries this minimum typically occurs in the forties (43 in Frey and Stutzer (2001) and Ferrer-i-Carbonell (2005); 46 in Peiro (2007)).
 
Aspirations and comparisons effects also are important in relation with income and other factors affecting subjective well-being. The individual's reported subjective well-being in the present is based on a norm of what is `bad', `sufficient' or `good'. Such norms not only depend on the present situation, but also on what the individual has experienced in the past, on what he/she expects to experience in the future and on what other people think and do (van Praag and Ferrer-i-Carbonell, 2004). In relation with income, individual well-being does not only dep本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。