Abstract: This paper investigates the relationship between happiness (utility) and a host of socio-economic variables. The data set consists of a random sample of over 5,000 individuals from the Swedish adult population. Happiness is measured by a three-point categorical measure of overall happiness (not happy, happy sometimes, happy most of the time), and an ordered probit model is used to eco...

OBJECTIVES This study sought to understand the relationship between volunteer activity and happiness among a sample of older adult New Zealanders. It specifically sought to determine if ethnicity (Māori vs. non-Māori) and economic living standards (ELS) functioned as moderators of the relationship between volunteering and happiness. METHOD Data were garnered from the 2008 administration of th...

Until recently, it was widely held that happiness fluctuates around set points, so that neither individuals nor societies can lastingly increase their happiness. Even though recent research showed that some individuals move enduringly above or below their set points, this does not refute the idea that the happiness levels of entire societies remain fixed. Our article, however, challenges this i...

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 between household income and SWB. But income is clearly an imperfect measure of economic well-being. Also needed are measures of wealth (net worth) and consum...

Governments have paid great attention to the results of happiness research. In many countries, the object of government policy is no longer taken to be development in terms of raising GNP. Their focus has shifted to a National Index of Happiness. This paper analyses whether such an aggregate Happiness Index is a better guide to development than GNP or other indices of development. We argue that...

New studies are revealing predictors of subjective well-being, often assessed as self-reported happiness and life satisfaction. Worldwide, most people report being at least moderately happy, regardless of age and gender. As part of their scientific pursuit of happiness, researchers have examined possible associations between happiness and (a) economic growth and personal income, (b) close relat...

Money Doesn’t Buy Happiness... Or Does It? A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption 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 ...

The decline in perceived happiness within economic prosperity in Chinese society calls for further examination. In this research, we investigate the effect of employment in public sector work units on perceived happiness through the mediation of economic and social status relative deprivations. In the reform era of China, work unit is still an important mechanism maintaining social inequality, ...

This paper discusses the relations between economic development, family income, and happiness in post-communist Poland from the point of view of Inglehart's theory of modernization. The happiness is understood as satisfaction with income and life, and as psychological well-being. The analysis of survey data yields the conclusion that economic development reduces the strength of the relations be...

This paper analyses the determinants of happiness in seven Eastern European transition countries during the early phase of economic transition. The analysis of representative survey data in an ordered logit model shows that those core socio-demographic and economic variables known to be relevant from studies on the US and Western European countries have a similar impact on happiness in Eastern ...