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Growth and Subjective Well-Being in China

In: The Palgrave Handbook of Comparative Economics

Author

Listed:
  • Robson Morgan

    (Keck Graduate Institute)

  • Fei Wang

    (Renmin University of China)

Abstract

China has not experienced subjective well-being prosperity since 1990 despite its unprecedented economic growth in the period. This chapter summarizes a few prior studies of subjective well-being trends in urban China since 1990 and expands on rural well-being in 2000s when data are available. The urban well-being has substantially declined since 1990 with a mild recovery starting in the early 2000s. The rural well-being, consistent with urban, has been climbing up in the 2000s. Both macro- and micro-level data corroborate that material wealth fails to ensure urban subjective well-being over time and factors such as labor market strength, social safety net generosity, and social comparisons are more important in determining the well-being. Suggestive evidence endorses a similar story for rural well-being in China.

Suggested Citation

  • Robson Morgan & Fei Wang, 2021. "Growth and Subjective Well-Being in China," Springer Books, in: Elodie Douarin & Oleh Havrylyshyn (ed.), The Palgrave Handbook of Comparative Economics, edition 1, chapter 25, pages 635-660, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-50888-3_25
    DOI: 10.1007/978-3-030-50888-3_25
    as

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