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The Impact of an Economic Boom on the Level and Distribution of Well-Being: Ireland, 1994-2001

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Author Info

  • David Madden

    (University College Dublin)

Abstract

The impact of increased affluence on life satisfaction is a matter of some controversy. This paper examines the impact of the recent economic boom in Ireland upon the level and distribution of various domains of well-being. There is evidence of a substantial increase in life satisfaction in the domain of finance and of an improvement in mental wellbeing. There is a reduction in inequality and polarisation for virtually all domains of life satisfaction. A social welfare function which is increasing and concave in individual well-being would show an improvement in social welfare over the period.

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File URL: http://www.ucd.ie/t4cms/wp10_15.pdf
File Function: First version, 2010
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Bibliographic Info

Paper provided by School Of Economics, University College Dublin in its series Working Papers with number 201015.

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Length: 26 pages
Date of creation: 10 May 2010
Date of revision:
Handle: RePEc:ucn:wpaper:201015

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Keywords: Subjective well-being; ordinal inequality; polarisation; social welfare;

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