The new stylized facts about income and subjective well-being.

Economists in recent decades have turned their attention to data that asks people how happy or satisfied they are with their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that only income relative to others was related to well-being. In this paper, we review the evidence to assess the importance of absolute and relative income in determining well-being.

The Polls-Review: Inaccurate Age and Sex Data in the Census Pums Files: Evidence and Implications.

We discover and document errors in public-use microdata samples ("PUMS files") of the 2000 Census, the 2003-2006 American Community Survey, and the 2004-2009 Current Population Survey. For women and men age 65 and older, age- and sex-specific population estimates generated from the PUMS files differ by as much as 15 percent from counts in published data tables. Moreover, an analysis of labor-force participation and marriage rates suggests the PUMS samples are not representative of the population at individual ages for those age 65 and over.