Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71316
Authors: 
Madden, David
Year of Publication: 
2010
Series/Report no.: 
Working Paper Series, UCD Centre for Economic Research 10/15
Abstract: 
The impact of increased affluence on life satisfaction is a matter of some controversy. This paper examines the impact of the recent economic boom in Ireland upon the level and distribution of various domains of well-being. There is evidence of a substantial increase in life satisfaction in the domain of finance and of an improvement in mental wellbeing. There is a reduction in inequality and polarisation for virtually all domains of life satisfaction. A social welfare function which is increasing and concave in individual well-being would show an improvement in social welfare over the period.
Subjects: 
Subjective well-being
Ordinal inequality
Polarisation
Social welfare
JEL: 
I12
I31
I32
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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