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The Objective Benefits of Subjective Well-Being

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  • Jan-Emmanuel De Neve
  • Ed Diener
  • Louis Tay
  • Cody Xuereb
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    Abstract

    The aim of this paper is to survey the "hard" evidence on the effects of subjective well-being. In doing so, we complement the evidence on the determinants of well-being by showing that human well-being also affects outcomes of interest such as health, income, and social behaviour. Generally, we observe a dynamic relationship between happiness and other important aspects of our lives, with influence running in both directions.

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    File URL: http://cep.lse.ac.uk/pubs/download/dp1236.pdf
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    Bibliographic Info

    Paper provided by Centre for Economic Performance, LSE in its series CEP Discussion Papers with number dp1236.

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    Date of creation: Aug 2013
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    Handle: RePEc:cep:cepdps:dp1236

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    Web page: http://cep.lse.ac.uk/_new/publications/series.asp?prog=CEP

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    Keywords: Unemployment; aggregate demand; matching frictions;

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    1. Petri B?ckerman & Pekka Ilmakunnas, 2012. "The Job Satisfaction-Productivity Nexus: A Study Using Matched Survey and Register Data," Industrial and Labor Relations Review, ILR Review, Cornell University, ILR School, vol. 65(2), pages 244-262, April.
    2. Cahit Guven, 2008. "Reversing the Question. Does Happiness Affect Consumption and Savings Behavior?," Economics Series 2008_20, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
    3. Edmans, Alex, 2011. "Does the stock market fully value intangibles? Employee satisfaction and equity prices," Journal of Financial Economics, Elsevier, Elsevier, vol. 101(3), pages 621-640, September.
    4. Meike Bartels & Daniel J. Benjamin & David Cesarini & Jan-Emmanuel De Neve & Magnus Johannesson & Philipp D. Koellinger & Robert F. Krueger & Patrik K. E. Magnusson & Nancy L. Pedersen & Cornelius A. , 2013. "Molecular Genetics and Subjective Well-Being," CEP Discussion Papers, Centre for Economic Performance, LSE dp1225, Centre for Economic Performance, LSE.
    5. Oswald, Andrew J. & Proto, Eugenio & Sgroi, Daniel, 2009. "Happiness and Productivity," IZA Discussion Papers 4645, Institute for the Study of Labor (IZA).
    6. Ed Diener & Carol Nickerson & Richard Lucas & Ed Sandvik, 2002. "Dispositional Affect and Job Outcomes," Social Indicators Research, Springer, Springer, vol. 59(3), pages 229-259, September.
    7. John Ifcher & Homa Zarghamee, 2011. "Happiness and Time Preference: The Effect of Positive Affect in a Random-Assignment Experiment," American Economic Review, American Economic Association, American Economic Association, vol. 101(7), pages 3109-29, December.
    8. Eckhard Priller & Jürgen Schupp, 2011. "Social and Economic Characteristics of Financial and Blood Donors in Germany," DIW Economic Bulletin, DIW Berlin, German Institute for Economic Research, vol. 1(6), pages 23-30.
    9. Nicole Lawless & Richard Lucas, 2011. "Predictors of Regional Well-Being: A County Level Analysis," Social Indicators Research, Springer, Springer, vol. 101(3), pages 341-357, May.
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    11. Graham, Liam & Oswald, Andrew J., 2010. "Hedonic capital, adaptation and resilience," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 76(2), pages 372-384, November.
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    13. Nicholas A. Christakis & Jan-Emmanuel De Neve & James H. Fowler & Bruno S. Frey, 2012. "Genes, Economics and Happiness," CEP Discussion Papers, Centre for Economic Performance, LSE dp1127, Centre for Economic Performance, LSE.
    14. Krause, Annabelle, 2012. "Don't Worry, Be Happy? Happiness and Reemployment," IZA Discussion Papers 7107, Institute for the Study of Labor (IZA).
    15. Graham, Carol & Eggers, Andrew & Sukhtankar, Sandip, 2004. "Does happiness pay?: An exploration based on panel data from Russia," Journal of Economic Behavior & Organization, Elsevier, Elsevier, vol. 55(3), pages 319-342, November.
    16. Lara Aknin & Elizabeth Dunn & Michael Norton, 2012. "Happiness Runs in a Circular Motion: Evidence for a Positive Feedback Loop between Prosocial Spending and Happiness," Journal of Happiness Studies, Springer, Springer, vol. 13(2), pages 347-355, April.
    17. Blanchflower, David G. & Oswald, Andrew J., 2007. "Hypertension and Happiness across Nations," The Warwick Economics Research Paper Series (TWERPS) 792, University of Warwick, Department of Economics.
    18. Gary Marks & Nicole Fleming, 1999. "Influences and Consequences of Well-being Among Australian Young People: 1980–1995," Social Indicators Research, Springer, Springer, vol. 46(3), pages 301-323, March.
    19. Stutzer, Alois & Frey, Bruno S., 2006. "Does marriage make people happy, or do happy people get married?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, Elsevier, vol. 35(2), pages 326-347, April.
    20. Simon Luechinger, 2009. "Valuing Air Quality Using the Life Satisfaction Approach," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 119(536), pages 482-515, 03.
    21. Lalin Anik & Lara B. Aknin & Michael I. Norton & Elizabeth W. Dunn, 2009. "Feeling Good about Giving: The Benefits (and Costs) of Self-Interested Charitable Behavior," Harvard Business School Working Papers, Harvard Business School 10-012, Harvard Business School.
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    Cited by:
    1. Molnár, György & Kapitány, Zsuzsa, 2014. "Miért elégedetlenek annyira a magyarok az életükkel?. A szubjektív jóllétet befolyásoló tényezők mikroszintű összehasonlító elemzése magyar és osztrák adatokon
      [Why are Hungarians
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 637-671.

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