Happiness and Domain Satisfaction: Theory and Evidence
AbstractIn the United States happiness, on average, varies positively with socio-economic status; is fairly constant over time; rises to midlife and then declines; and is lower among younger than older birth cohorts. These four patterns of mean happiness can be predicted rather closely from the mean satisfaction people report with each of four domains – finances, family life, work, and health. Even though the domain satisfaction patterns typically differ from each other and from that for happiness, they come together in a way that explains quite well the overall patterns of happiness. The importance of any given domain depends on the happiness relation under study (by socio-economic status, time, age or birth cohort), and no single domain is invariably the key to happiness.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 2584.
Length: 35 pages
Date of creation: Jan 2007
Date of revision:
Publication status: published in: A.K. Dutt and B. Radcliff (eds.), Happiness, Economics, and Politics: Towards a Multi-Disciplinary Approach, 2009, Northampton, MA, Edward Elgar
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Find related papers by JEL classification:
- I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
- D60 - Microeconomics - - Welfare Economics - - - General
- D1 - Microeconomics - - Household Behavior
- O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-02-17 (All new papers)
- NEP-LTV-2007-02-17 (Unemployment, Inequality & Poverty)
- NEP-SOC-2007-02-17 (Social Norms & Social Capital)
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