Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/107508
Authors: 
Graham, Carol Lee
Nikolova, Milena
Year of Publication: 
2014
Series/Report no.: 
IZA Discussion Papers 8722
Abstract: 
Life evaluations and emotional states are distinct subjective well-being (SWB) components. We explore the relationship between opportunities and SWB dimensions, distinguishing between actual capabilities and means (education, employment, and income) and perceived opportunities (autonomy and health perceptions and belief in hard work). We find a link between capabilities and SWB (particularly, life evaluations), which varies across world regions. Capabilities can also be associated with stress and anger and seem to matter the least for the happiest respondents. We also explore the determinants of the least studied well-being dimension: eudaimonia, or life purpose, which is an underlying objective of the development process.
Subjects: 
well-being
capabilities
freedoms
variance decompositions
JEL: 
I31
I39
Document Type: 
Working Paper

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