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Education, Aspirations and Life Satisfaction

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  • Francesco Ferrante

Abstract

The idea that expanding work and consumption opportunities always increases people's wellbeing is well established in economics but finds no support in psychology. Instead, there is evidence in both economics and psychology that people's life satisfaction depends on how experienced utility compares with expectations of life satisfaction or decision utility. Copyright 2009 Blackwell Publishing Ltd.

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Bibliographic Info

Article provided by Wiley Blackwell in its journal Kyklos.

Volume (Year): 62 (2009)
Issue (Month): 4 (November)
Pages: 542-562

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Handle: RePEc:bla:kyklos:v:62:y:2009:i:4:p:542-562

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  1. Ottaviano, Gianmarco Ireo Paolo & Peri, Giovanni, 2004. "The Economic Value of Cultural Diversity: Evidence from US Cities," CEPR Discussion Papers 4233, C.E.P.R. Discussion Papers.
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  17. Kahneman, Daniel & Wakker, Peter P & Sarin, Rakesh, 1997. "Back to Bentham? Explorations of Experienced Utility," The Quarterly Journal of Economics, MIT Press, vol. 112(2), pages 375-405, May.
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Cited by:
  1. Hilke Brockmann, 2012. "Das Glück der Migranten: eine Lebenslaufanalyse zum subjektiven Wohlbefinden von Migranten der ersten Generation in Deutschland," SOEPpapers on Multidisciplinary Panel Data Research 504, DIW Berlin, The German Socio-Economic Panel (SOEP).
  2. Francesco Ferrante, 2014. "Great expectations The unintended consequences of educational choices," Working Papers 67, AlmaLaurea Inter-University Consortium.
  3. Mª del Salinas-Jiménez & Joaquín Artés & Javier Salinas-Jiménez, 2013. "How Do Educational Attainment and Occupational and Wage-Earner Statuses Affect Life Satisfaction? A Gender Perspective Study," Journal of Happiness Studies, Springer, vol. 14(2), pages 367-388, April.
  4. Aguilar, Alexandra Cortés & García Muñoz, Teresa M. & Moro-Egido, Ana I., 2013. "Heterogeneous self-employment and satisfaction in Latin America," Journal of Economic Psychology, Elsevier, vol. 39(C), pages 44-61.
  5. Becchetti, Leonardo & Massari, Riccardo & Naticchioni, Paolo, 2013. "The Drivers of Happiness Inequality: Suggestions for Promoting Social Cohesion," IZA Discussion Papers 7153, Institute for the Study of Labor (IZA).
  6. Martin Carree & Ingrid Verheul, 2012. "What Makes Entrepreneurs Happy? Determinants of Satisfaction Among Founders," Journal of Happiness Studies, Springer, vol. 13(2), pages 371-387, April.
  7. Mª del Salinas-Jiménez & Joaquín Artés & Javier Salinas-Jiménez, 2011. "Education as a Positional Good: A Life Satisfaction Approach," Social Indicators Research, Springer, vol. 103(3), pages 409-426, September.
  8. Rainer, Helmut & Smith, Ian, 2012. "Education, Communication and Wellbeing: An Application to Sexual Satisfaction," Munich Reprints in Economics 19754, University of Munich, Department of Economics.
  9. Christopher Ambrey & Christopher Fleming, 2014. "Life Satisfaction in Australia: Evidence from Ten Years of the HILDA Survey," Social Indicators Research, Springer, vol. 115(2), pages 691-714, January.
  10. Cortés Aguilar Alexandra & Teresa Garcia-Muñoz & Ana I. Moro Egido, 2013. "Heterogeneous Self-employment and Subjective Well-Being. Evidence from Latin America," ThE Papers 13/05, Department of Economic Theory and Economic History of the University of Granada..

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