IDEAS home Printed from https://ideas.repec.org/a/spr/soinre/v111y2013i2p453-472.html
   My bibliography  Save this article

Relationship Between Socio-Economic Values and Wellbeing: An Overview Research in Asia

Author

Listed:
  • Nguyen Trung

    ()

  • Kimoon Cheong

    ()

  • Pham Nghi

    ()

  • Won Kim

    ()

Abstract

This paper investigates ten Asian nations to consider how socio-economic values affect happiness and satisfaction. Moreover, it considers whether economic factors can strongly affect wellbeing under certain conditions. Males in Asia are said they have more opportunities to obtain higher happiness and satisfaction but it does not happen in the current study. Unemployment has negative and significant impact with regard to happiness and satisfaction in developing countries yet it does not have the same effect in developed nations. It is believed cultural value positively affects happiness and satisfaction in East Asia but the result in the models is different with no clear relationship between this variable and wellbeing. Furthermore, some people declare that a relative increase of income compared to the lowest group will lead them to lower life satisfaction. Copyright Springer Science+Business Media B.V. 2013

Suggested Citation

  • Nguyen Trung & Kimoon Cheong & Pham Nghi & Won Kim, 2013. "Relationship Between Socio-Economic Values and Wellbeing: An Overview Research in Asia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 111(2), pages 453-472, April.
  • Handle: RePEc:spr:soinre:v:111:y:2013:i:2:p:453-472
    DOI: 10.1007/s11205-012-0014-z
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11205-012-0014-z
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Becchetti, Leonardo & Rossetti, Fiammetta, 2009. "When money does not buy happiness: The case of "frustrated achievers"," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(1), pages 159-167, January.
    2. Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-659, May.
    3. Ruut Veenhoven, 1996. "Developments in satisfaction-research," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 37(1), pages 1-46, January.
    4. Ruprah, Inder J. & Luengas, Pavel, 2011. "Monetary policy and happiness: Preferences over inflation and unemployment in Latin America," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(1), pages 59-66, February.
    5. Peiro, Amado, 2006. "Happiness, satisfaction and socio-economic conditions: Some international evidence," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(2), pages 348-365, April.
    6. Wilson, Chris M. & Oswald, Andrew J., 2005. "How Does Marriage Affect Physical and Psychological Health? A Survey of the Longitudinal Evidence," IZA Discussion Papers 1619, Institute for the Study of Labor (IZA).
    7. Graham, Carol & Eggers, Andrew & Sukhtankar, Sandip, 2004. "Does happiness pay?: An exploration based on panel data from Russia," Journal of Economic Behavior & Organization, Elsevier, vol. 55(3), pages 319-342, November.
    8. Winkelmann, Liliana & Winkelmann, Rainer, 1998. "Why Are the Unemployed So Unhappy? Evidence from Panel Data," Economica, London School of Economics and Political Science, vol. 65(257), pages 1-15, February.
    9. Kenny, Charles, 1999. "Does Growth Cause Happiness, or Does Happiness Cause Growth?," Kyklos, Wiley Blackwell, vol. 52(1), pages 3-25.
    10. Angeles, Luis, 2011. "A closer look at the Easterlin Paradox," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(1), pages 67-73, February.
    11. Eng Seng Loh, 1996. "Productivity Differences and the Marriage Wage Premium for White Males," Journal of Human Resources, University of Wisconsin Press, vol. 31(3), pages 566-589.
    12. Ravallion, Martin & Lokshin, Michael, 2001. "Identifying Welfare Effects from Subjective Questions," Economica, London School of Economics and Political Science, vol. 68(271), pages 335-357, August.
    13. Wen-Chun Chang, 2009. "Social capital and subjective happiness in Taiwan," International Journal of Social Economics, Emerald Group Publishing, vol. 36(8), pages 844-868, July.
    14. Anders Björklund & Richard B. Freeman, 2010. "Searching for Optimal Inequality/Incentives," NBER Chapters,in: Reforming the Welfare State: Recovery and Beyond in Sweden, pages 25-56 National Bureau of Economic Research, Inc.
    15. Claudia Senik, 2009. "Direct Evidence on Income Comparisons and their Welfare Effects," Post-Print hal-00696621, HAL.
    16. Leung, Kwok, 2006. "The rise of East Asia: Implications for research on cultural variations and globalization," Journal of International Management, Elsevier, vol. 12(2), pages 235-241, June.
    17. Bolle, Friedel & Okhrin, Yarema & Vogel, Claudia, 2009. "A note on interdependent happiness," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(5), pages 713-721, October.
    18. Chun, Hyunbae & Lee, Injae, 2001. "Why Do Married Men Earn More: Productivity or Marriage Selection?," Economic Inquiry, Western Economic Association International, vol. 39(2), pages 307-319, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Worawan Chandoevwit & Kannika Thampanishvong, 2016. "Valuing Social Relationships and Improved Health Condition Among the Thai Population," Journal of Happiness Studies, Springer, vol. 17(5), pages 2167-2189, October.
    2. Jin Huang & Shiyou Wu & Suo Deng, 2016. "Relative Income, Relative Assets, and Happiness in Urban China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 126(3), pages 971-985, April.

    More about this item

    Keywords

    Happiness; Satisfaction; Income; Asia;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:soinre:v:111:y:2013:i:2:p:453-472. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla) or (Rebekah McClure). General contact details of provider: http://www.springer.com .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.