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Helping to Unravel the Dynamics of Happiness among the Elderly in the Southern Cone

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  • Cid, Alejandro
  • Ferrés, Daniel
  • Rossi, Máximo

Abstract

The happiness literature provides evidence on various factors, other than money, that do seem to contribute to individual happiness. As one explores the produced “happiness socioeconomics” literature, it is direct to understand the difficulty to find proper information on developing countries reality. In our analysis we investigate the relationship between income, family composition, health and religion over subjective well-being in the Southern Cone of Latin America (Argentina, Chile and Uruguay). Specifically, we analyze data from the SABE survey, a study conducted among people who are 60 years old or over, in various Latin American countries. The main results of our analysis show a positive correlation between higher levels of subjective well-being and higher levels of income or health, being married and the frequent religion practice. On the contrary, malnutrition shows a negative relationship with happiness indicators. In order to add robustness to our results, our research uses different indicators of well-being and alternative estimation models. Latin America, in particular the southern cone, has experienced an increasing aging population since mid ’50s. Thus, for policy makers, it is extremely useful to disentangle the possible causes of subjective well-being among the elderly. This research and its findings suggest guidelines to explore.

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File URL: http://mpra.ub.uni-muenchen.de/39915/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 39915.

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Date of creation: 2010
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Handle: RePEc:pra:mprapa:39915

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Related research

Keywords: well-being; happiness; elderly; health; family; Latin America;

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References

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  1. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-84, July.
  2. Alpizar, Francisco & Carlsson, Fredrik & Johansson-Stenman, Olof, 2001. "How Much Do We Care About Absolute Versus Relative Income and Consumption?," Working Papers in Economics 63, University of Gothenburg, Department of Economics.
  3. Clark, Andrew E. & Frijters, Paul & Shields, Michael A., 2007. "Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," IZA Discussion Papers 2840, Institute for the Study of Labor (IZA).
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Cited by:
  1. David Vázquez Guzman, 2012. "A comparative study of well-being for elders in Mexico and England," Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de trabajo de la Universidad Autónoma de Ciudad Juárez. 9, Cuerpo Académico 41 de la Universidad Autónoma de Ciudad Juárez, revised 09 Dec 2012.

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