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Hong Kong's happiness indices: What they tell us about LIFE?

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  • Ho, Lok Sang

Abstract

A series of surveys conducted in Hong Kong since 2005 shows a decline and then a recovery in the happiness index. A series of regression analysis suggests that the recent rise in the happiness index that began ahead of the financial tsunami and continued uninterrupted by the crisis possibly reflected a change in values and attitudes. It was further suggested that the positive or negative feelings associated with any activity may be affected by past events and expectations about the future and may not be intrinsic to the activity. Moreover, one's happiness appears to relate more to emotional than intellectual development, as suggested in indicators on Love, Insight, Fortitude, and Engagement (LIFE). Females appear to have higher scores on all LIFE scores, while one's life goals as well as LIFE scores tend to change as one ages.

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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: 564-572

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Handle: RePEc:eee:soceco:v:40:y:2011:i:5:p:564-572

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

Related research

Keywords: Happiness; Happiness formula; Time accounting; Prospective happiness; Happiness in process; Retrospective happiness;

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References

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  1. 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.
  2. Blanchflower, David G. & Oswald, Andrew J., 2007. "Is Well-being U-Shaped over the Life Cycle?," The Warwick Economics Research Paper Series (TWERPS) 826, University of Warwick, Department of Economics.
  3. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74, pages 132.
  4. Alan B. Krueger & Daniel Kahneman & David Schkade & Norbert Schwarz & Arthur A. Stone, 2009. "National Time Accounting: The Currency of Life," NBER Chapters, in: Measuring the Subjective Well-Being of Nations: National Accounts of Time Use and Well-Being, pages 9-86 National Bureau of Economic Research, Inc.
  5. Ho, Lok Sang, 1998. "A model of human nature and personal development," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 27(2), pages 271-287.
  6. DiTella, Rafael & MacCulloch, Robert & Oswald, Andrew J., 2001. "Preferences over inflation and unemployment: Evidence from surveys of happiness," ZEI Working Papers B 03-2001, ZEI - Center for European Integration Studies, University of Bonn.
  7. Barry Schwartz & Kenneth Sharpe, 2006. "Practical Wisdom: Aristotle meets Positive Psychology," Journal of Happiness Studies, Springer, vol. 7(3), pages 377-395, 09.
  8. Veenhoven, Ruut, 2010. "Capability and happiness: Conceptual difference and reality links," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(3), pages 344-350, June.
  9. K. K. Lancaster, 2010. "A New Approach to Consumer Theory," Levine's Working Paper Archive 1385, David K. Levine.
  10. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-84, July.
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