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The Objective Benefits of Subjective Well-Being

Author

Listed:
  • Jan-Emmanuel De Neve
  • Ed Diener
  • Louis Tay
  • Cody Xuereb

Abstract

The aim of this paper is to survey the 'hard' evidence on the effects of subjective well-being. In doing so, we complement the evidence on the determinants of well-being by showing that human well-being also affects outcomes of interest such as health, income, and social behaviour. Generally, we observe a dynamic relationship between happiness and other important aspects of our lives, with influence running in both directions.

Suggested Citation

  • Jan-Emmanuel De Neve & Ed Diener & Louis Tay & Cody Xuereb, 2013. "The Objective Benefits of Subjective Well-Being," CEP Discussion Papers dp1236, Centre for Economic Performance, LSE.
  • Handle: RePEc:cep:cepdps:dp1236
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    File URL: http://cep.lse.ac.uk/pubs/download/dp1236.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Bryson, Alex & Clark, Andrew E. & Freeman, Richard B. & Green, Colin P., 2016. "Share capitalism and worker wellbeing," Labour Economics, Elsevier, vol. 42(C), pages 151-158.
    2. Ayllón, Sara & Fusco, Alessio, 2017. "Are income poverty and perceptions of financial difficulties dynamically interrelated?," Journal of Economic Psychology, Elsevier, vol. 61(C), pages 103-114.
    3. Mzoughi, Naoufel, 2014. "Do organic farmers feel happier than conventional ones? An exploratory analysis," Ecological Economics, Elsevier, vol. 103(C), pages 38-43.
    4. Nikolova, Milena & Graham, Carol, 2015. "In transit: The well-being of migrants from transition and post-transition countries," Journal of Economic Behavior & Organization, Elsevier, vol. 112(C), pages 164-186.
    5. Milena Nikolova & Boris Nikolaev, 2017. "Does Joining the EU Make You Happy? Evidence from Bulgaria and Romania," Journal of Happiness Studies, Springer, vol. 18(6), pages 1593-1623, December.
    6. Andrew E. Clark, 2015. "SWB as a Measure of Individual Well-Being," PSE Working Papers halshs-01134483, HAL.
    7. John F. Helliwell & Lara B. Aknin & Hugh Shiplett & Haifang Huang & Shun Wang, 2017. "Social Capital and Prosocial Behaviour as Sources of Well-Being," NBER Working Papers 23761, National Bureau of Economic Research, Inc.
    8. Ivlevs, Artjoms & Veliziotis, Michail, 2015. "Local-Level Immigration and Life Satisfaction: The EU Enlargement Experience in England and Wales," IZA Discussion Papers 9513, Institute for the Study of Labor (IZA).
    9. repec:eee:touman:v:63:y:2017:i:c:p:209-222 is not listed on IDEAS
    10. Nikolova, Milena, 2016. "Minding the happiness gap: Political institutions and perceived quality of life in transition," European Journal of Political Economy, Elsevier, vol. 45(S), pages 129-148.
    11. repec:spr:jhappi:v:19:y:2018:i:1:d:10.1007_s10902-016-9812-3 is not listed on IDEAS
    12. Vijaya Krishnan, 2015. "Development of a Multidimensional Living Conditions Index (LCI)," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 120(2), pages 455-481, January.
    13. Andrew E. Clark, 2015. "SWB as a Measure of Individual Well-Being," Working Papers halshs-01134483, HAL.
    14. repec:spr:jhappi:v:18:y:2017:i:5:d:10.1007_s10902-016-9782-5 is not listed on IDEAS
    15. Bruno S. Frey, 2017. "Research on Well-Being: Determinants, Effects, and its Relevance for Management," CREMA Working Paper Series 2017-11, Center for Research in Economics, Management and the Arts (CREMA).
    16. Molnár, György & Kapitány, Zsuzsa, 2014. "Miért elégedetlenek annyira a magyarok az életükkel?. A szubjektív jóllétet befolyásoló tényezők mikroszintű összehasonlító elemzése magyar és osztrák adatokon
      [Why are Hungarians dissatisfied?. A
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 637-671.
    17. Strulik, Holger, 2018. "An economic heory of depression and its impact on health behavior and longevity," Center for European, Governance and Economic Development Research Discussion Papers 337, University of Goettingen, Department of Economics.

    More about this item

    Keywords

    Unemployment; aggregate demand; matching frictions;

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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