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Is The Structure Of Happiness Equations The Same In Poor And Rich Countries? The Case Of South Africa

  • Powdthavee, Nattavudh

    (Department of Economics, University of Warwick)

Are happiness patterns structurally the same when comparing poor and rich countries? Using cross-sectional data from the SALDRU93 survey, we show that the relationships between subjective well-being and socioeconomic variables have a similar structure and is U-shaped in age in South Africa as in developed countries. Well-being rises with income. Unemployment is detrimental to reported well-being, both at the individual- and household-level. Living standard indicators such as durable assets ownership seem to determine happiness levels as well as income. Relative income also matters to well-being, after controlling for community wealth.

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File URL: http://www2.warwick.ac.uk/fac/soc/economics/research/workingpapers/2008/twerp675a.pdf
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Paper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 675.

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Length: 51 pages
Date of creation: 2003
Date of revision:
Handle: RePEc:wrk:warwec:675
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Web page: http://www2.warwick.ac.uk/fac/soc/economics/

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