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Happiness, Meaning of Life and Income

  • Lois Duff

    ()

    (University of the West of England)

  • Artjoms Ivlevs

    ()

    (University of the West of England)

Registered author(s):

    The paper explores the non-material determinants of happiness. We go beyond the well-established result that individual ‘religiousness’ is positively correlated with happiness and look at a broader spiritual activity - time spent thinking about the meaning and purpose of life (MPL). We study the determinants of this activity and its potential role in explaining happiness. Using World Values Survey 1994-2007 data for 85 countries in an ordered logit model, we find that the educated, the religious, females and the middle aged are more likely to spend time thinking about the MPL. The correlation between happiness and thinking about the MPL depends on a country’s income: it is negative in high income countries and positive in low income countries.

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    File URL: http://carecon.org.uk/DPs/1108.pdf
    File Function: First version, 2011
    Download Restriction: no

    Paper provided by Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol in its series Working Papers with number 1108.

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    Length: 13 pages
    Date of creation: May 2011
    Date of revision:
    Handle: RePEc:uwe:wpaper:1108
    Contact details of provider: Postal: 0117 328 3610
    Phone: 0117 328 3610
    Web page: http://www1.uwe.ac.uk/bl/research/bristoleconomics.aspx
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