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Happiness, Meaning of Life and Income

Author

Listed:
  • Lois Duff

    () (University of the West of England)

  • Artjoms Ivlevs

    () (University of the West of England)

Abstract

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.

Suggested Citation

  • Lois Duff & Artjoms Ivlevs, 2011. "Happiness, Meaning of Life and Income," Working Papers 1108, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
  • Handle: RePEc:uwe:wpaper:1108
    as

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    File URL: http://carecon.org.uk/DPs/1108.pdf
    File Function: First version, 2011
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    References listed on IDEAS

    as
    1. Yener Altunbas & Leonardo Gambacorta & David Marques-Ibanez, 2010. "Does monetary policy affect bank risk-taking?," BIS Working Papers 298, Bank for International Settlements.
    2. Dubecq, S. & Mojon, B. & Ragot, X., 2009. "Fuzzy Capital Requirements, Risk-Shifting and the Risk Taking Channel of Monetary Policy," Working papers 254, Banque de France.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. The meaning of life
      by chris dillow in Stumbling and Mumbling on 2011-06-20 18:39:02

    More about this item

    Keywords

    Happiness; life satisfaction; meaning of life; religion.;

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