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Ignorance is not bliss: On the role of education in subjective well-being

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  • Yakovlev, Pavel
  • Leguizamon, Susane

Abstract

This study estimates the impact of education on self-reported happiness across 50 American states using the recently available Gallup-Healthways Well-Being Index (WBI). A 3SLS model is used to estimate the simultaneous impact of education, income, and health on aggregated subjective well-being (SWB) as measured by state-level WBI. Over 80% of the variation in SWB across states can be explained by differences in education, income, health, age, trust, stress, temperature, religion, and rainfall. Higher education (college degree) has a relatively strong positive effect on SWB, but secondary education (high school) does not. We find no statistically significant educational spillover on SWB across state borders, which suggests that the positive effect of higher education on SWB is mostly due to private non-monetary benefits rather than positive externalities.

Suggested Citation

  • Yakovlev, Pavel & Leguizamon, Susane, 2012. "Ignorance is not bliss: On the role of education in subjective well-being," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(6), pages 806-815.
    • Handle: RePEc:eee:soceco:v:41:y:2012:i:6:p:806-815
    DOI: 10.1016/j.socec.2012.08.009
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    Cited by:

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    2. Xinyi Wang & F. Atiyya Shaw & Patricia L. Mokhtarian & Giovanni Circella & Kari E. Watkins, 2023. "Combining disparate surveys across time to study satisfaction with life: the effects of study context, sampling method, and transport attributes," Transportation, Springer, vol. 50(2), pages 513-543, April.
    3. Justina Shiroka-Pula & Will Bartlett & Besnik A. Krasniqi, 2023. "Can the Government Make Us Happier? Institutional Quality and Subjective Well-Being Across Europe," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 18(2), pages 677-696, April.
    4. Magnani, Elisabetta & Zhu, Rong, 2018. "Does kindness lead to happiness? Voluntary activities and subjective well-being," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 77(C), pages 20-28.
    5. Bertermann, Alexander & Kamhöfer, Daniel A. & Schildberg-Hörisch, Hannah, 2023. "More Education Does Make You Happier – Unless You Are Unemployed," IZA Discussion Papers 16454, Institute of Labor Economics (IZA).
    6. Shulin Lai & Yuquan Zhou & Yuan Yuan, 2021. "Associations between Community Cohesion and Subjective Wellbeing of the Elderly in Guangzhou, China—A Cross-Sectional Study Based on the Structural Equation Model," IJERPH, MDPI, vol. 18(3), pages 1-23, January.
    7. Worawan Chandoevwit & Kannika Thampanishvong, 2016. "Valuing Social Relationships and Improved Health Condition Among the Thai Population," Journal of Happiness Studies, Springer, vol. 17(5), pages 2167-2189, October.
    8. Ross, Justin M. & Yakovlev, Pavel A. & Carson, Fatima, 2012. "Does state spending on mental health lower suicide rates?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 41(4), pages 408-417.
    9. Antonella Ferrara & Rosanna Nisticò, 2015. "Regional well-being indicators and dispersion from a multidimensional perspective: evidence from Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 55(2), pages 373-420, December.
    10. Mayke van Dinter & Mieke Kools & Gamze Dane & Minou Weijs-Perrée & Kynthia Chamilothori & Eveline van Leeuwen & Aloys Borgers & Pauline van den Berg, 2022. "Urban Green Parks for Long-Term Subjective Well-Being: Empirical Relationships between Personal Characteristics, Park Characteristics, Park Use, Sense of Place, and Satisfaction with Life in The Nethe," Sustainability, MDPI, vol. 14(9), pages 1-19, April.
    11. Katya Ivanova, 2020. "My Children, Your Children, Our Children, and My Well-Being: Life Satisfaction of “Empty Nest” Biological Parents and Stepparents," Journal of Happiness Studies, Springer, vol. 21(2), pages 613-633, February.
    12. Julia S. Granderath & Andreas Martin & Laura Froehlich, 2021. "The Effect of Participation in Adult Education on Life Satisfaction of Immigrants and Natives: A Longitudinal Analysis," Journal of Happiness Studies, Springer, vol. 22(7), pages 3043-3067, October.
    13. Can Mavruk & Ersin Kıral & Gülsen Kıral, 2021. "Spatial Effects Over Time-Framed Happiness," Journal of Happiness Studies, Springer, vol. 22(2), pages 517-554, February.
    14. Jackson, Jeremy, 2019. "Happy partisans and extreme political views: The impact of national versus local representation on well-being," European Journal of Political Economy, Elsevier, vol. 58(C), pages 192-202.
    15. Antonella Rita Ferrara & Rosanna Nisticò, 2014. "Measuring Well-Being In A Multidimensional Perspective: A Multivariate Statistical Application To Italian Regions," Working Papers 201406, Università della Calabria, Dipartimento di Economia, Statistica e Finanza "Giovanni Anania" - DESF.
    16. Alexander Bertermann & Daniel A. Kamhöfer & Hannah Schildberg-Hörisch, 2023. "More Education Does Make You Happier – Unless You Are Unemployed," SOEPpapers on Multidisciplinary Panel Data Research 1192, DIW Berlin, The German Socio-Economic Panel (SOEP).
    17. Fabio Zagonari, 2016. "Which Attitudes Will Make us Individually and Socially Happier and Healthier? A Cross-Culture and Cross-Development Analytical Model," Journal of Happiness Studies, Springer, vol. 17(6), pages 2527-2554, December.
    18. Piper, Alan T., 2012. "A Happiness Test of Human Capital Theory," MPRA Paper 43496, University Library of Munich, Germany.

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    More about this item

    Keywords

    Happiness; Subjective well-being; Education; Schooling; Income; Health; Externality;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I00 - Health, Education, and Welfare - - General - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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