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

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  • David (David Patrick) Madden

Abstract

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.

Suggested Citation

  • David (David Patrick) Madden, 2010. "The impact of an economic boom on the level and distribution of well-being : Ireland, 1994-2001," Working Papers 201015, School of Economics, University College Dublin.
  • Handle: RePEc:ucn:wpaper:201015
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    File URL: http://hdl.handle.net/10197/2650
    File Function: First version, 2010
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    More about this item

    Keywords

    Subjective well-being; Ordinal inequality; Polarisation; Social welfare; Well-being--Economic aspects--Ireland; Wealth--Ireland; Equality--Ireland; Public welfare--Ireland;

    JEL classification:

    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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