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Happiness, Satisfaction And Socioeconomic Conditions: Some International Evidence

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  • Amado Peiró

    (Universitat de València)

Abstract

This paper examines the relationships between socioeconomic conditions and happiness or satisfaction of individuals in 15 countries. In agreement with earlier studies, age, health and marital status are strongly associated with happiness and satisfaction. In seeming contrast with other studies, unemployment does not appear to be associated with happiness, although it is clearly associated with satisfaction. Income is also strongly associated with satisfaction, but its association with happiness is weaker. These results point to happiness and satisfaction as two distinct spheres of well-being. While the first would be relatively independent of economic factors, the second would be strongly dependent. Este trabajo examina las relaciones entre las condiciones socioeconómicas y la felicidad o la satisfacción de individuos de 15 países. De acuerdo con estudios anteriores, la edad, la salud y el estado civil están fuertemente asociadas con la felicidad y la satisfacción. En contraste aparente con otros estudios, el desempleo no parece estar asociado con la felicidad, aunque lo está claramente con la satisfacción. La renta también está fuertemente asociada con la satisfacción, pero su asociación con la felicidad es más débil. Estos resultados sugieren que la felicidad y la satisfacción constituyen dos ámbitos distintos del bienestar. Mientras que el primero sería relativamente independiente de factores económicos, el segundo dependería fuertemente de estos factores.

Suggested Citation

  • Amado Peiró, 2002. "Happiness, Satisfaction And Socioeconomic Conditions: Some International Evidence," Working Papers. Serie EC 2002-21, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  • Handle: RePEc:ivi:wpasec:2002-21
    as

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    File URL: http://www.ivie.es/downloads/docs/wpasec/wpasec-2002-21.pdf
    File Function: Fisrt version / Primera version, 2002
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    References listed on IDEAS

    as
    1. Blanchflower, David G. & Oswald, Andrew J., 2004. "Well-being over time in Britain and the USA," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1359-1386, July.
    2. Robert J. MacCulloch & Rafael Di Tella & Andrew J. Oswald, 2001. "Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness," American Economic Review, American Economic Association, vol. 91(1), pages 335-341, March.
    3. Oswald, Andrew J, 1997. "Happiness and Economic Performance," Economic Journal, Royal Economic Society, vol. 107(445), pages 1815-1831, November.
    4. Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-659, May.
    5. Hollander, Heinz, 2001. "On the validity of utility statements: standard theory versus Duesenberry's," Journal of Economic Behavior & Organization, Elsevier, vol. 45(3), pages 227-249, July.
    6. Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
    7. Ruut Veenhoven, 2001. "Are the Russians as Unhappy as they say they are?," Journal of Happiness Studies, Springer, vol. 2(2), pages 111-136, June.
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    9. Ng, Yew-Kwang, 1987. "Relative-Income Effects and the Appropriate Level of Public Expenditure," Oxford Economic Papers, Oxford University Press, vol. 39(2), pages 293-300, June.
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    More about this item

    Keywords

    felicidad; satisfacción. happiness; satisfaction;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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