Life satisfaction and education in South Africa: Investigating the role of attainment and the likelihood of education as a positional good
AbstractThis paper explores various dynamics in the relationship between life satisfaction and education in South Africa using the 2008 National Income Dynamics Survey. The results indicate a strong positive association between educational attainment and individual satisfaction with life, which is true in the overall sample and for men and women. This positive relationship also holds for Black and Coloured individuals, but is insignificant in the Asian and White samples. Evidence indicates that education is a positional good, in that people who have attained more than the mean level of education in their relevant cluster are significantly more satisfied with life compared to those possessing less than the mean education.
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Bibliographic InfoPaper provided by Economic Research Southern Africa in its series Working Papers with number 349.
Length: 25 pages
Date of creation: 2013
Date of revision:
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subjective wellbeing; positional concerns; Education; South Africa;
Find related papers by JEL classification:
- I2 - Health, Education, and Welfare - - Education
- Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Social and Economic Stratification
This paper has been announced in the following NEP Reports:
- NEP-AFR-2013-06-16 (Africa)
- NEP-ALL-2013-06-16 (All new papers)
- NEP-DEM-2013-06-16 (Demographic Economics)
- NEP-EDU-2013-06-16 (Education)
- NEP-HAP-2013-06-16 (Economics of Happiness)
- NEP-HRM-2013-06-16 (Human Capital & Human Resource Management)
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