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The impact of an economic boom on the level and distribution of well-being : Ireland, 1994-2001

  • David (David Patrick) Madden

The impact of increased affluence on life satisfaction is a matter of some controversy. This paper examines the impact of the recent economic boom in Ireland upon the level and distribution of various domains of well-being. There is evidence of a substantial increase in life satisfaction in the domain of finance and of an improvement in mental wellbeing. There is a reduction in inequality and polarisation for virtually all domains of life satisfaction. A social welfare function which is increasing and concave in individual well-being would show an improvement in social welfare over the period.

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Paper provided by School of Economics, University College Dublin in its series Working Papers with number 201015.

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Date of creation: May 2010
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Handle: RePEc:ucn:wpaper:201015
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