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Subjective Well-Being in the Southern Cone: Health, Income and Family

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Author Info
Alejandro Cid (Universidad de Montevideo)
Daniel Ferres (Universidad de Montevideo)
Máximo Rossi (Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

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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 economics” 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 (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. Main obtained results show a positive correlation between higher levels of income and health,being married and the frequent religion practice and higher levels of subjective well-being. On the contrary, malnutrition has a negative impact on happiness indicators. In order to add robustness to our results and to deal with endogeneity issues, this paper uses different indicators of well-being, alternative estimation models such as a semiparametric one and a propensity score approach for the treatment of marriage.

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Publisher Info
Paper provided by Department of Economics - dECON in its series Documentos de Trabajo (working papers) with number 1308.

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Length: 19 pages
Date of creation: Jul 2008
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Handle: RePEc:ude:wpaper:1308

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

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Find related papers by JEL classification:
I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
I10 - Health, Education, and Welfare - - Health - - - General
J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped
J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    Other versions:
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    Other versions:
  7. Alejandro Cid & Daniel Ferrés & Máximo Rossi, 2008. "Testing Happiness Hypothesis among the Elderly," Revista Cuadernos de Economía, UNIVERSIDAD NACIONAL DE COLOMBIA - RCE. [Downloadable!]
    Other versions:
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    Other versions:
  13. Edwin Leuven & Barbara Sianesi, 2003. "PSMATCH2: Stata module to perform full Mahalanobis and propensity score matching, common support graphing, and covariate imbalance testing," Statistical Software Components S432001, Boston College Department of Economics, revised 02 May 2009. [Downloadable!]
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