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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://eprints.lse.ac.uk/51669/
    File Function: Open access version.
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    Bibliographic Info

    Paper provided by London School of Economics and Political Science, LSE Library in its series LSE Research Online Documents on Economics with number 51669.

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    Length: 38 pages
    Date of creation: 2013
    Date of revision:
    Handle: RePEc:ehl:lserod:51669

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    Web page: http://www.lse.ac.uk/
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    1. Oswald, Andrew J. & Proto, Eugenio & Sgroi, Daniel, 2009. "Happiness and Productivity," IZA Discussion Papers 4645, Institute for the Study of Labor (IZA).
    2. Guven, Cahit, 2012. "Reversing the question: Does happiness affect consumption and savings behavior?," Journal of Economic Psychology, Elsevier, vol. 33(4), pages 701-717.
    3. Gary Marks & Nicole Fleming, 1999. "Influences and Consequences of Well-being Among Australian Young People: 1980–1995," Social Indicators Research, Springer, vol. 46(3), pages 301-323, March.
    4. Jan-Emmanuel De Neve & Nicholas A. Christakis & James H. Fowler & Bruno S. Frey, 2010. "Genes, Economics, and Happiness," CREMA Working Paper Series 2010-24, Center for Research in Economics, Management and the Arts (CREMA).
    5. Blanchflower, David G. & Oswald, Andrew J., 2008. "Hypertension and happiness across nations," Journal of Health Economics, Elsevier, vol. 27(2), pages 218-233, March.
    6. 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, vol. 35(2), pages 326-347, April.
    7. Edwards, Jeffrey R. & Cooper, Cary L., 1988. "The impacts of positive psychological states on physical health: A review and theoretical framework," Social Science & Medicine, Elsevier, vol. 27(12), pages 1447-1459, January.
    8. Ed Diener & Carol Nickerson & Richard Lucas & Ed Sandvik, 2002. "Dispositional Affect and Job Outcomes," Social Indicators Research, Springer, vol. 59(3), pages 229-259, September.
    9. Krause, Annabelle, 2012. "Don't Worry, Be Happy? Happiness and Reemployment," IZA Discussion Papers 7107, Institute for the Study of Labor (IZA).
    10. 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, vol. 101(7), pages 3109-29, December.
    11. 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.
    12. Graham, Carol & Eggers, Andrew & Sukhtankar, Sandip, 2004. "Does happiness pay?: An exploration based on panel data from Russia," Journal of Economic Behavior & Organization, Elsevier, vol. 55(3), pages 319-342, November.
    13. Graham, Liam & Oswald, Andrew J., 2010. "Hedonic capital, adaptation and resilience," Journal of Economic Behavior & Organization, Elsevier, vol. 76(2), pages 372-384, November.
    14. Edmans, Alex, 2011. "Does the stock market fully value intangibles? Employee satisfaction and equity prices," Journal of Financial Economics, Elsevier, vol. 101(3), pages 621-640, September.
    15. Lara B. Aknin & Christopher P. Barrington-Leigh & Elizabeth W. Dunn & John F. Helliwell & Robert Biswas-Diener & Imelda Kemeza & Paul Nyende & Claire E. Ashton-James & Michael I. Norton, 2010. "Prosocial Spending and Well-Being: Cross-Cultural Evidence for a Psychological Universal," NBER Working Papers 16415, National Bureau of Economic Research, Inc.
    16. Nicole Lawless & Richard Lucas, 2011. "Predictors of Regional Well-Being: A County Level Analysis," Social Indicators Research, Springer, vol. 101(3), pages 341-357, May.
    17. 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.
    18. 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, vol. 13(2), pages 347-355, April.
    19. Simon Luechinger, 2009. "Valuing Air Quality Using the Life Satisfaction Approach," Economic Journal, Royal Economic Society, vol. 119(536), pages 482-515, 03.
    20. 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 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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