Advanced Search
MyIDEAS: Login to save this article or follow this journal

Lost in transition: Life satisfaction on the road to capitalism

Contents:

Author Info

  • Easterlin, Richard A.
Registered author(s):

    Abstract

    In the 1990s transition from socialism to capitalism in Eastern Europe life satisfaction followed the collapse and recovery of GDP, but failed to recover commensurately. By 2005, with GDP averaging about 25 per cent above its early 1990s level, life satisfaction was typically back to its earlier level, but was arguably still below pre-transition values. Increased satisfaction with material living levels occurred at the expense of decreased satisfaction with work, health, and family life. In the decade of the 1990s, disparities in life satisfaction increased with those hardest hit being the less educated and persons over age 30; women and men suffered about equally.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.sciencedirect.com/science/article/B6V8F-4W45WDN-1/2/1ac399c7f3f1c55834d471dd8638d8f9
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Economic Behavior & Organization.

    Volume (Year): 71 (2009)
    Issue (Month): 2 (August)
    Pages: 130-145

    as in new window
    Handle: RePEc:eee:jeborg:v:71:y:2009:i:2:p:130-145

    Contact details of provider:
    Web page: http://www.elsevier.com/locate/jebo

    Related research

    Keywords: Happiness Transition Capitalism Socialism Loss aversion;

    References

    References listed on IDEAS
    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.:
    as in new window
    1. Lelkes, Orsolya, 2006. "Tasting freedom: Happiness, religion and economic transition," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 59(2), pages 173-194, February.
    2. Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008. "Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 95-144, March.
    3. Blanchflower, David G. & Oswald, Andrew J., 2004. "Well-being over time in Britain and the USA," Journal of Public Economics, Elsevier, Elsevier, vol. 88(7-8), pages 1359-1386, July.
    4. Brainerd, Elizabeth & Cutler, David M, 2005. "Autopsy on an Empire: Understanding Mortality in Russia and the Former Soviet Union," CEPR Discussion Papers, C.E.P.R. Discussion Papers 4900, C.E.P.R. Discussion Papers.
    5. Frey, Bruno S & Stutzer, Alois, 2000. "Happiness, Economy and Institutions," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 110(466), pages 918-38, October.
    6. Nauro F. Campos & Fabrizio Coricelli, 2002. "Growth in Transition: What We Know, What We Don't, and What We Should," William Davidson Institute Working Papers Series 470, William Davidson Institute at the University of Michigan.
    7. Peter Sanfey & Utku Teksoz, 2007. "Does transition make you happy?," The Economics of Transition, The European Bank for Reconstruction and Development, The European Bank for Reconstruction and Development, vol. 15, pages 707-731, October.
    8. Winkelmann, Liliana & Winkelmann, Rainer, 1998. "Why Are the Unemployed So Unhappy? Evidence from Panel Data," Economica, London School of Economics and Political Science, London School of Economics and Political Science, vol. 65(257), pages 1-15, February.
    9. Bruno S. Frey & Alois Stutzer, 2002. "What Can Economists Learn from Happiness Research?," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 402-435, June.
    10. Paul Frijters & John P. Haisken-DeNew & Michael A. Shields, 2004. "Money Does Matter! Evidence from Increasing Real Income and Life Satisfaction in East Germany Following Reunification," American Economic Review, American Economic Association, American Economic Association, vol. 94(3), pages 730-740, June.
    11. Bruce Headey & Rudolph Andorka & Peter Krause, 1995. "Political legitimacy versus economic imperatives in system transformation: Hungary and East Germany 1990–93," Social Indicators Research, Springer, Springer, vol. 36(3), pages 247-273, November.
    12. Wolfgang Glatzer & Mathias Bös, 1998. "Subjective Attendants of Unification and Transformation in Germany," Social Indicators Research, Springer, Springer, vol. 43(1), pages 171-196, February.
    13. Matthew Rabin., 1997. "Psychology and Economics," Economics Working Papers, University of California at Berkeley 97-251, University of California at Berkeley.
    14. Oswald, Andrew, 1997. "Happiness and Economic Performance," The Warwick Economics Research Paper Series (TWERPS) 478, University of Warwick, Department of Economics.
    15. Richard A. Easterlin & Anke C. Zimmermann, 2008. "Life Satisfaction and Economic Conditions in East and West Germany Pre- and Post-Unification," SOEPpapers on Multidisciplinary Panel Data Research 95, DIW Berlin, The German Socio-Economic Panel (SOEP).
    16. Paul Frijters & Ingo Geishecker & John P. Haisken-DeNew & Michael A. Shields, 2006. "Can the Large Swings in Russian Life Satisfaction be Explained by Ups and Downs in Real Incomes?," Scandinavian Journal of Economics, Wiley Blackwell, Wiley Blackwell, vol. 108(3), pages 433-458, October.
    17. Anke C. Zimmermann & Richard A. Easterlin, 2006. "Happily Ever After? Cohabitation, Marriage, Divorce, and Happiness in Germany," Population and Development Review, The Population Council, Inc., The Population Council, Inc., vol. 32(3), pages 511-528.
    18. Tversky, Amos & Kahneman, Daniel, 1991. "Loss Aversion in Riskless Choice: A Reference-Dependent Model," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 106(4), pages 1039-61, November.
    19. Takayoshi Kusago, 2007. "Rethinking of Economic Growth and Life Satisfaction in Post-Wwii Japan – A Fresh Approach," Social Indicators Research, Springer, Springer, vol. 81(1), pages 79-102, March.
    20. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 111(473), pages 465-84, July.
    21. Daniel Kahneman, 2003. "A Psychological Perspective on Economics," American Economic Review, American Economic Association, American Economic Association, vol. 93(2), pages 162-168, May.
    22. Paul Frijters & John P. Haisken-DeNew & Michael A. Shields, 2004. "Investigating the Patterns and Determinants of Life Satisfaction in Germany Following Reunification," Journal of Human Resources, University of Wisconsin Press, vol. 39(3).
    23. Tomás Sobotka, 2003. "Re-Emerging Diversity: Rapid Fertility Changes in Central and Eastern Europe After the Collapse of the Communist Regimes," Population (english edition), Institut National d'Études Démographiques (INED), Institut National d'Études Démographiques (INED), vol. 58(4), pages 451-486.
    24. Brainerd, Elizabeth, 1998. "Winners and Losers in Russia's Economic Transition," American Economic Review, American Economic Association, American Economic Association, vol. 88(5), pages 1094-1116, December.
    25. Schwarze, Johannes, 1996. "How Income Inequality Changed in Germany following Reunification: An Empirical Analysis Using Decomposable Inequality Measures," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 42(1), pages 1-11, March.
    26. Richard Easterlin, 2005. "Feeding the Illusion of Growth and Happiness: A Reply to Hagerty and Veenhoven," Social Indicators Research, Springer, Springer, vol. 74(3), pages 429-443, December.
    27. Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 27(1), pages 35-47, June.
    28. Bernd Hayo & Wolfgang Seifert, 2002. "Subjective Economic Well-Being in Eastern Europe," Development and Comp Systems 0203001, EconWPA.
    29. Dimiter Philipov, 2002. "Fertility in times of discontinuous societal change: the case of Central and Eastern Europe," MPIDR Working Papers WP-2002-024, Max Planck Institute for Demographic Research, Rostock, Germany.
    30. Jens Alber & Ulrich Kohler, 2008. "Informal Food Production in the Enlarged European Union," Social Indicators Research, Springer, Springer, vol. 89(1), pages 113-127, October.
    31. World Bank, 2002. "Transition, The First Ten Years : Analysis and Lessons for Eastern Europe and the Former Soviet Union," World Bank Publications, The World Bank, number 14042, October.
    32. Willem Saris & Anna Andreenkova, 2001. "Following Changes in Living Conditions and Happiness in Post Communist Russia: the Russet Panel," Journal of Happiness Studies, Springer, Springer, vol. 2(2), pages 95-109, June.
    33. Ruut Veenhoven, 2001. "Are the Russians as Unhappy as they say they are?," Journal of Happiness Studies, Springer, Springer, vol. 2(2), pages 111-136, June.
    34. David Dorn & Justina Fischer & Gebhard Kirchgässner & Alfonso Sousa-Poza, 2007. "Is It Culture or Democracy? The Impact of Democracy and Culture on Happiness," Social Indicators Research, Springer, Springer, vol. 82(3), pages 505-526, July.
    35. Peter Murrell, 1996. "How Far Has the Transition Progressed?," Journal of Economic Perspectives, American Economic Association, vol. 10(2), pages 25-44, Spring.
    36. Jan Svejnar, 2001. "Transition Economies: Performances and Challenges," William Davidson Institute Working Papers Series 415, William Davidson Institute at the University of Michigan.
    37. Willem Saris, 2001. "What Influences Subjective Well-Being in Russia?," Journal of Happiness Studies, Springer, Springer, vol. 2(2), pages 137-146, June.
    38. Sobotka, Tomáš, 2002. "Ten years of rapid fertility changes in the European post-communist countries. Evidence and interpretation," Research Reports, University of Groningen, Population Research Centre (PRC) 02-01, University of Groningen, Population Research Centre (PRC).
    39. Branko Milanovic, 1999. "Explaining the increase in inequality during transition," The Economics of Transition, The European Bank for Reconstruction and Development, The European Bank for Reconstruction and Development, vol. 7(2), pages 299-341, July.
    40. Daniel Kahneman & Jack L. Knetsch & Richard H. Thaler, 1991. "Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 193-206, Winter.
    41. Richard A. Easterlin, 2000. "The Worldwide Standard of Living since 1800," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 7-26, Winter.
    42. Alberto Alesina & Nicola Fuchs-Schündeln, 2007. "Goodbye Lenin (or Not?): The Effect of Communism on People," American Economic Review, American Economic Association, American Economic Association, vol. 97(4), pages 1507-1528, September.
    43. 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.
    44. Franco Modigliani, 1949. "Fluctuations in the Saving-Income Ratio: A Problem in Economic Forecasting," NBER Chapters, in: Studies in Income and Wealth, pages 369-444 National Bureau of Economic Research, Inc.
    45. Nicholas Barr, 2005. "Labor Markets and Social Policy in Central and Eastern Europe : The Accession and Beyond," World Bank Publications, The World Bank, number 7425, October.
    46. Rafael Di Tella & Robert MacCulloch, 2006. "Some Uses of Happiness Data in Economics," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 25-46, Winter.
    47. Bernard M.S. van Praag & Paul Frijters, 1999. "The measurement of welfare and well-being; the Leyden approach," School of Economics and Finance Discussion Papers and Working Papers Series, School of Economics and Finance, Queensland University of Technology 071a, School of Economics and Finance, Queensland University of Technology.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:eee:jeborg:v:71:y:2009:i:2:p:130-145. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.