Subjective well-being, income, economic development and growth:
We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer ind...
Gespeichert in:
| Beteiligte Personen: | , , |
|---|---|
| Format: | Buch |
| Sprache: | Englisch |
| Veröffentlicht: |
Munich
CESifo
2010
|
| Schriftenreihe: | CESifo working papers
3206 : Category 6, Fiscal policy, macroeconomics and growth |
| Links: | http://www.cesifo-group.de/portal/pls/portal/docs/1/1185210.PDF |
| Zusammenfassung: | We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer individuals, and establish that this relationship is similar in most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens’ life satisfaction typically grows, and that those countries experiencing more rapid economic growth also tend to experience more rapid growth in life satisfaction. These results together suggest that measured subjective well-being grows hand in hand with material living standards. |
| Beschreibung: | Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp. - Literaturangaben |
| Umfang: | getr. Zählung graph. Darst. |
Internformat
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| 100 | 1 | |a Sacks, Daniel W. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Subjective well-being, income, economic development and growth |c Daniel W. Sacks ; Betsey Stevenson ; Justin Wolfers |
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| 490 | 1 | |a CESifo working papers |v 3206 : Category 6, Fiscal policy, macroeconomics and growth | |
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| 520 | 8 | |a We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer individuals, and establish that this relationship is similar in most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens’ life satisfaction typically grows, and that those countries experiencing more rapid economic growth also tend to experience more rapid growth in life satisfaction. These results together suggest that measured subjective well-being grows hand in hand with material living standards. | |
| 700 | 1 | |a Stevenson, Betsey |e Verfasser |0 (DE-588)128969784 |4 aut | |
| 700 | 1 | |a Wolfers, Justin |e Verfasser |0 (DE-588)128552050 |4 aut | |
| 830 | 0 | |a CESifo working papers |v 3206 : Category 6, Fiscal policy, macroeconomics and growth |w (DE-604)BV013978326 |9 3206 | |
| 856 | 4 | 1 | |u http://www.cesifo-group.de/portal/pls/portal/docs/1/1185210.PDF |x Verlag |z kostenfrei |3 Volltext |
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| id | DE-604.BV036807037 |
| illustrated | Illustrated |
| indexdate | 2024-12-20T14:42:32Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-020723106 |
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| physical | getr. Zählung graph. Darst. |
| psigel | ebook |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | CESifo |
| record_format | marc |
| series | CESifo working papers |
| series2 | CESifo working papers |
| spelling | Sacks, Daniel W. Verfasser aut Subjective well-being, income, economic development and growth Daniel W. Sacks ; Betsey Stevenson ; Justin Wolfers Munich CESifo 2010 getr. Zählung graph. Darst. txt rdacontent n rdamedia nc rdacarrier CESifo working papers 3206 : Category 6, Fiscal policy, macroeconomics and growth Zusätzliches Online-Angebot unter www.SSRN.com, www.RePEc.org und www.CESifo-group.org/wp. - Literaturangaben We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer individuals, and establish that this relationship is similar in most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens’ life satisfaction typically grows, and that those countries experiencing more rapid economic growth also tend to experience more rapid growth in life satisfaction. These results together suggest that measured subjective well-being grows hand in hand with material living standards. Stevenson, Betsey Verfasser (DE-588)128969784 aut Wolfers, Justin Verfasser (DE-588)128552050 aut CESifo working papers 3206 : Category 6, Fiscal policy, macroeconomics and growth (DE-604)BV013978326 3206 http://www.cesifo-group.de/portal/pls/portal/docs/1/1185210.PDF Verlag kostenfrei Volltext |
| spellingShingle | Sacks, Daniel W. Stevenson, Betsey Wolfers, Justin Subjective well-being, income, economic development and growth CESifo working papers |
| title | Subjective well-being, income, economic development and growth |
| title_auth | Subjective well-being, income, economic development and growth |
| title_exact_search | Subjective well-being, income, economic development and growth |
| title_full | Subjective well-being, income, economic development and growth Daniel W. Sacks ; Betsey Stevenson ; Justin Wolfers |
| title_fullStr | Subjective well-being, income, economic development and growth Daniel W. Sacks ; Betsey Stevenson ; Justin Wolfers |
| title_full_unstemmed | Subjective well-being, income, economic development and growth Daniel W. Sacks ; Betsey Stevenson ; Justin Wolfers |
| title_short | Subjective well-being, income, economic development and growth |
| title_sort | subjective well being income economic development and growth |
| url | http://www.cesifo-group.de/portal/pls/portal/docs/1/1185210.PDF |
| volume_link | (DE-604)BV013978326 |
| work_keys_str_mv | AT sacksdanielw subjectivewellbeingincomeeconomicdevelopmentandgrowth AT stevensonbetsey subjectivewellbeingincomeeconomicdevelopmentandgrowth AT wolfersjustin subjectivewellbeingincomeeconomicdevelopmentandgrowth |