Subjective Well-Being Of Beijing Taxi Drivers
AbstractThis study investigates subjective well-being among a sample of Beijing taxi drivers in the lead up to the 2008 Beijing Olympic Games using the Personal Wellbeing Index (PWI). The specific aims of this study are (a) ascertain whether Beijing taxi drivers are satisfied with their lives; (b) investigate the psychometric properties of the PWI in this unique population; and (c) examine whether the responses to the PWI from participants falls within the narrow range predicted by the ???Theory of Subjective Wellbeing Homeostasis???. The PWI demonstrated good psychometric properties and was consistent with previous studies for Western and non-Western samples. The data revealed a moderate level of subjective well-being (PWI score = 61.1). While Beijing taxi drivers work long hours for low wages, the PWI was nonetheless within the normative range predicted for Chinese societies by the ???Theory of Subjective Wellbeing Homeostasis???. The results suggest that the homeostatic mechanism is fairly resilient, even when the individual leads a hard life based on objective indicators. For Beijing taxi drivers, it may be that personal relationships and feeling part of the community acts as an important buffer for the homeostatic system.
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Bibliographic InfoPaper provided by Monash University, Department of Economics in its series Development Research Unit Working Paper Series with number 03-09.
Length: 16 pages
Date of creation: 01 Mar 2009
Date of revision:
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Postal: Department of Economics, Monash University, Victoria 3800, Australia
Web page: http://www.buseco.monash.edu.au/eco/
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Other versions of this item:
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting
- N27 - Economic History - - Financial Markets and Institutions - - - Africa; Oceania
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-26 (All new papers)
- NEP-HAP-2009-09-26 (Economics of Happiness)
- NEP-NEU-2009-09-26 (Neuroeconomics)
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