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Helping to Unravel the Dynamics of Happiness among the Elderly in the Southern Cone

Author

Listed:
  • Cid, Alejandro
  • Ferrés, Daniel
  • Rossi, Máximo

Abstract

The happiness literature provides evidence on various factors, other than money, that do seem to contribute to individual happiness. As one explores the produced “happiness socioeconomics” literature, it is direct to understand the difficulty to find proper information on developing countries reality. In our analysis we investigate the relationship between income, family composition, health and religion over subjective well-being in the Southern Cone of Latin America (Argentina, Chile and Uruguay). Specifically, we analyze data from the SABE survey, a study conducted among people who are 60 years old or over, in various Latin American countries. The main results of our analysis show a positive correlation between higher levels of subjective well-being and higher levels of income or health, being married and the frequent religion practice. On the contrary, malnutrition shows a negative relationship with happiness indicators. In order to add robustness to our results, our research uses different indicators of well-being and alternative estimation models. Latin America, in particular the southern cone, has experienced an increasing aging population since mid ’50s. Thus, for policy makers, it is extremely useful to disentangle the possible causes of subjective well-being among the elderly. This research and its findings suggest guidelines to explore.

Suggested Citation

  • Cid, Alejandro & Ferrés, Daniel & Rossi, Máximo, 2010. "Helping to Unravel the Dynamics of Happiness among the Elderly in the Southern Cone," MPRA Paper 39915, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:39915
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    File URL: https://mpra.ub.uni-muenchen.de/39915/1/MPRA_paper_39915.pdf
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    References listed on IDEAS

    as
    1. Gerdtham, Ulf-G & Johannesson, Magnus, 2001. "The relationship between happiness, health, and socio-economic factors: results based on Swedish microdata," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 30(6), pages 553-557.
    2. Alpizar, Francisco & Carlsson, Fredrik & Johansson-Stenman, Olof, 2005. "How much do we care about absolute versus relative income and consumption?," Journal of Economic Behavior & Organization, Elsevier, vol. 56(3), pages 405-421, March.
    3. Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008. "Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 95-144, March.
    4. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-484, July.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. David Vázquez Guzman, 2012. "A comparative study of well-being for elders in Mexico and England," Estudios Regionales en Economía, Población y Desarrollo. Cuadernos de Trabajo de la Universidad Autónoma de Ciudad Juárez. 9, Cuerpo Académico 41 de la Universidad Autónoma de Ciudad Juárez, revised 09 Dec 2012.

    More about this item

    Keywords

    well-being; happiness; elderly; health; family; Latin America;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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