Happiness And Health: Two Paradoxes
AbstractThis paper aims to establish systematic relationships between the two rapidly growing research streams on the socio-economic determinants of happiness and health. Although they have been pursued quite independently by different communities of researchers, empirical evidence points to very similar underlying causal mechanisms. In particular, in both cases per capita income plays a major role only up to a very low threshold, beyond which relative income and other relational factors become crucial for happiness and health. In addition, we argue that the so-called âparadox of happinessâ, extensively discussed in the first research stream, has an empirical counterpart in the decoupling between self-reported happiness and health indexes: while life expectancy grew almost continuously in developed countries after World War II, self reported happiness did not increase and sometimes even decreased. On the basis of these structural analogies, we argue that a process of cross-fertilization between these two research streams would contribute to their development by clarifying the relationship between happiness, health and their determinants. Finally, we observe that the two literatures have converging policy implications: measures meant to reduce poverty and inequality and invest in social and environmental capital may improve both health and happiness of the individuals.
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Economic Surveys.
Volume (Year): 26 (2012)
Issue (Month): 2 (04)
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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804
Other versions of this item:
- Simone Borghesi & Alessandro Vercelli, 2007. "Happiness and health: two paradoxes," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 0108, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
- D6 - Microeconomics - - Welfare Economics
- I10 - Health, Education, and Welfare - - Health - - - General
- I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-59, May.
- Ng, Yew-Kwang, 1978. "Economic Growth and Social Welfare: The Need for a Complete Study of Happiness," Kyklos, Wiley Blackwell, vol. 31(4), pages 575-87.
- Andrew E. Clark & Paul Frijters & Michael A. Shields, 2006. "Income and happiness: Evidence, explanations and economic implications," PSE Working Papers halshs-00590436, HAL.
- Daniel Kahneman & Alan B. Krueger, 2006. "Developments in the Measurement of Subjective Well-Being," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 3-24, Winter.
- Katalin Martinás, 2012. "Greatest Happiness Principle in a Complex System Approach," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 10(2), pages 88-102.
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