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Happiness in Europe

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  • Pedersen, Peder J.
  • Schmidt, Torben Dall

Abstract

Data in the European Community Household Panel are used to analyse the impact on self-reported satisfaction from a number of economic and demographic variables. The paper contributes to the ongoing discussion of the relationship between life satisfaction and income utilizing also the panel property of the data. We find an impact from the level of income only for a group of Southern European countries. For the same group of countries the difference between individual and average change in income has a significant impact on satisfaction. For all countries in the panel we find a significant impact from the change in the individual income situation over the last year. We find a strong impact from changes in labour force status and a strong negative impact on satisfaction from being unemployed and a somewhat weaker impact from being outside the labour force. Further, the level of and change in self-reported health has a strong impact on satisfaction.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).

Volume (Year): 40 (2011)
Issue (Month): 5 ()
Pages: 480-489

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Handle: RePEc:eee:soceco:v:40:y:2011:i:5:p:480-489

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Web page: http://www.elsevier.com/locate/inca/620175

Related research

Keywords: Satisfaction; Income; Labour market status; Health;

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References

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  1. 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, vol. 94(3), pages 730-740, June.
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Cited by:
  1. Pedersen, Peder J. & Schmidt, Torben Dall, 2014. "Life Events and Subjective Well-being: The Case of Having Children," IZA Discussion Papers 8207, Institute for the Study of Labor (IZA).

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