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Happiness, Satisfaction And Socioeconomic Conditions: Some International Evidence

  • Amado Peiró

    (Universitat de València)

Registered author(s):

    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.

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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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    Paper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie EC with number 2002-21.

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    Length: 20 pages
    Date of creation: Aug 2002
    Date of revision:
    Publication status: Published by Ivie
    Handle: RePEc:ivi:wpasec:2002-21
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    1. Oswald, Andrew J, 1997. "Happiness and Economic Performance," Economic Journal, Royal Economic Society, vol. 107(445), pages 1815-31, November.
    2. DiTella, Rafael & MacCulloch, Robert & Oswald, Andrew J., 2001. "Preferences over inflation and unemployment: Evidence from surveys of happiness," ZEI Working Papers B 03-2001, ZEI - Center for European Integration Studies, University of Bonn.
    3. David G. Blanchflower & Andrew J. Oswald, 2000. "Well-Being Over Time in Britain and the USA," NBER Working Papers 7487, National Bureau of Economic Research, Inc.
    4. 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.
    5. 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.
    6. Shira B. Lewin, 1996. "Economics and Psychology: Lessons for Our Own Day from the Early Twentieth Century," Journal of Economic Literature, American Economic Association, vol. 34(3), pages 1293-1323, September.
    7. 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.
    8. 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.
    9. 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.
    10. Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-59, May.
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