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Testing Happiness Hypothesis among the Elderly

Author

Listed:
  • Alejandro Cid

    () (Departamento de Economía, Universidad de Montevideo)

  • Daniel Ferrés

    () (Departamento de Economía, Universidad de Montevideo)

  • Máximo Rossi

    () (Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República)

Abstract

A growing strand of economic literature focuses its attention on the relationship between happiness levels and various individual and socioeconomic variables. Recent studies analyze the impact of income, marital status, health, educational levels and other socioeconomic variables on satisfaction with life. A large majority of these studies limit their attention to industrialized countries. In our work, we analyze data for a group of individuals living in a Latin American country (Uruguay) with age 60 or older. We use a rich data set that allows us to test different happiness hypothesis employing four methodological approaches. We find that older people in Uruguay have a tendency to report themselves happy when they are married, when they have higher standards of health and when they earn higher levels of income or they feel their income is suitable for their standard of living. On the contrary, they report lower levels of happiness when they live alone and when their nutrition is insufficient. We also find that education has no clear impact on happiness. We think that our study is an initial contribution to the study of those factors that can explain happiness among the elderly in Latin American countries. Future work will focus on enhanced empirical analysis and in extending our study to other countries.

Suggested Citation

  • Alejandro Cid & Daniel Ferrés & Máximo Rossi, 2007. "Testing Happiness Hypothesis among the Elderly," Documentos de Trabajo (working papers) 1207, Department of Economics - dECON.
  • Handle: RePEc:ude:wpaper:1207
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    References listed on IDEAS

    as
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    11. Bruno S. Frey & Alois Stutzer, "undated". "Testing Theories of Happiness," IEW - Working Papers 147, Institute for Empirical Research in Economics - University of Zurich.
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    Citations

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    Cited by:

    1. Natalia Melgar & Máximo Rossi & Tom W. Smith, 2013. "Individual Attitudes Toward Others, Misanthropy Analysis in a Cross-Country Perspective," American Journal of Economics and Sociology, Wiley Blackwell, pages 222-241.
    2. 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.
    3. Marina G. Kolosnitsyna & Natalia A. Khorkina & Khongor N. Dorzhiev, 2014. "What Happens To Happiness When People Get Older? Socio-Economic Determinants Of Life Satisfaction In Later Life," HSE Working papers WP BRP 68/EC/2014, National Research University Higher School of Economics.
    4. Mariana Gerstenbluth & Maximo Rossi, 2009. "¿Son más felices las personas saludables? La evidencia de Chile y Uruguay," Documentos de Trabajo (working papers) 2509, Department of Economics - dECON.
    5. Mariana Gerstenbluth & Máximo Rossi & Patricia Trinunfo, 2008. "Felicidad y Salud una aproximación al bienestar en el Río de la Plata," Estudios de Economia, University of Chile, Department of Economics, vol. 35(1 Year 20), pages 65-78, June.
    6. Mario García Molina & Liliana Alejandra Chicaíza Becerra, 2013. "Felicidad:¿reemplazar o mejorar la utilidad subjetiva?," REVISTA CUADERNOS DE ECONOMÍA, UN - RCE - CID.
    7. Alejandro Cid & Daniel Ferres & Máximo Rossi, 2008. "Subjective Well-Being in the Southern Cone: Health, Income and Family," Documentos de Trabajo (working papers) 1308, Department of Economics - dECON.
    8. repec:wyi:journl:002134 is not listed on IDEAS

    More about this item

    Keywords

    Happiness; Health; Family; Censored Econometric Models; Semiparametric Methods; Treatment Evaluation;

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • C24 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Truncated and Censored Models; Switching Regression Models; Threshold Regression Models
    • I10 - Health, Education, and Welfare - - Health - - - General
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure

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