Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: http://hdl.handle.net/10419/20471
Autoren: 
Headey, Bruce
Muffels, Ruud
Wooden, Mark
Datum: 
2004
Reihe/Nr.: 
IZA Discussion Papers 1218
Zusammenfassung: 
The accepted view among psychologists and economists alike is that economic well-being has a statistically significant but only weak effect on happiness/subjective well-being (SWB). This view is based almost entirely on weak relationships with household income. The paper uses household economic panel data from five countries – Australia, Britain, Germany, Hungary and the Netherlands – to provide a reconsideration of the impact of economic wellbeing on happiness. The main conclusion is that happiness is considerably more affected by economic circumstances than previously believed. In all five countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce significant, though not large, changes in satisfaction levels.
Schlagwörter: 
consumption
economic well-being
income
life satisfaction
subjective wellbeing
wealth
JEL: 
D19
D31
I31
Dokumentart: 
Working Paper
Nennungen in sozialen Medien:

Datei(en):
Datei
Größe
206.33 kB





Publikationen in EconStor sind urheberrechtlich geschützt.