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Education and life satisfaction: perception or reality?

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  • Mauricio Cárdenas Santa María

    ()

  • Carolina Mejía

    ()

  • Vincenzo Di Maro

    ()

Abstract

Using data from the Gallup World Poll, this paper analyze the way in which perceptions on thequality of education affect wellbeing. In addition, we explore if educational quality perceptions aredetermined by objective educational outputs, such as international standardized tests scores (i.e. PISAscores) and individual educational attainment. Results indicate that educational quality perceptionsare positively correlated with standardized test scores but negatively correlated with individualeducational attainment. Similarly, favorable perception on the quality of education contributes tohigher individual wellbeing, even after controlling for individual educational attainment and othertraditional determinants of wellbeing

Suggested Citation

  • Mauricio Cárdenas Santa María & Carolina Mejía & Vincenzo Di Maro, 2008. "Education and life satisfaction: perception or reality?," WORKING PAPERS SERIES. DOCUMENTOS DE TRABAJO 009188, FEDESARROLLO.
  • Handle: RePEc:col:000123:009188
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    File URL: http://hdl.handle.net/11445/799
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    References listed on IDEAS

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    1. Rafael Di Tella & Robert J. MacCulloch & Andrew J. Oswald, 2003. "The Macroeconomics of Happiness," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 809-827, November.
    2. Betsey Stevenson & Justin Wolfers, 2008. "Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 39(1 (Spring), pages 1-102.
    3. Alesina, Alberto & Di Tella, Rafael & MacCulloch, Robert, 2004. "Inequality and happiness: are Europeans and Americans different?," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 2009-2042, August.
    4. Johannes Schwarze & Rainer Winkelmann, 2005. "What Can Happiness Research Tell Us about Altruism?: Evidence from the German Socio-Economic Panel," Discussion Papers of DIW Berlin 475, DIW Berlin, German Institute for Economic Research.
    5. Angus Deaton, 2010. "Income, Aging, Health and Well-Being around the World: Evidence from the Gallup World Poll," NBER Chapters,in: Research Findings in the Economics of Aging, pages 235-263 National Bureau of Economic Research, Inc.
    6. Thomas, Vinod & Wang, Yan & Fan, Xibo, 2001. "Measuring education inequality - Gini coefficients of education," Policy Research Working Paper Series 2525, The World Bank.
    7. David G. Blanchflower & Andrew Oswald, 2000. "The Rising Well-Being of the Young," NBER Chapters,in: Youth Employment and Joblessness in Advanced Countries, pages 289-328 National Bureau of Economic Research, Inc.
    8. J.J. Ehrhardt & W.E. Saris & R. Veenhoven, 2000. "Stability of Life-satisfaction over Time," Journal of Happiness Studies, Springer, vol. 1(2), pages 177-205, June.
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    Cited by:

    1. Beja Jr., Edsel L., 2011. "Subjective Well-Being Approach to Environmental Valuation: Evidence for Greenhouse Gas Emissions," MPRA Paper 27862, University Library of Munich, Germany.
    2. Kim, Bokyung & Jeong, Jinook, 2017. "Dynamics of adolescents’ life satisfaction and effect of class rank percentile: Evidence from Korean panel data," Journal of Economic Psychology, Elsevier, vol. 59(C), pages 8-28.
    3. Asena Caner, 2015. "Happiness, Comparison Effects, and Expectations in Turkey," Journal of Happiness Studies, Springer, vol. 16(5), pages 1323-1345, October.

    More about this item

    Keywords

    Wellbeing; educational quality perceptions; educational outcomes;

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General
    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty

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