Income–happiness paradox in Australia: Testing the theories of adaptation and social comparison

Paul, Satya; Guilbert, Daniel

doi:10.1016/j.econmod.2012.08.034

Cited by 42 publications

(18 citation statements)

References 25 publications

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“…According to the famous phenomena of the Easterlin paradox, happiness levels do not rise despite sustained economic growth [161]. The happiness paradox explains that the increase in the income of peers hurt the poor more than the rich [132,162]. One of the studies in China discussed the "growth paradox", arguing that life satisfaction in China has been reduced with its unprecedented economic growth and poverty reduction [81,142].…”

Section: Policy and Governancementioning

confidence: 99%

Can I Sustain My Happiness? A Review, Critique and Research Agenda for Economics of Happiness

Jain

Sharma

Mahendru³

2019

Sustainability

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Human beings want to live in a state of happiness and prosperity, but happiness is important not just for the well-being of individuals but for the well-being of society. To ensure the maximization of happiness, it is necessary to consider more than just money, and rather include the right understanding of happiness at the individual level, the family level, the society level, and the environmental (nature) level. This paper contributes to the existing body of knowledge by consolidating the findings of the literature; grouping those into major themes and sub-themes; describing the mechanisms based on the empirical papers by highlighting the independent, dependent, control, and moderating variables, to study the causal relationships between variables under study; proposing an agenda for future research; and informing the policymakers about decisions influencing the human happiness level through legislative rules and regulations. Our results suggest prioritizing the conceptualization of happiness while computing the happiness level at the individual or collective levels. Furthermore, the study recommends governments to establish the conditions enabling individuals to report happiness independently from the political pressure to answer strategically for impressive happiness level figures at the macro level.

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Section: Policy and Governancementioning

confidence: 99%

Can I Sustain My Happiness? A Review, Critique and Research Agenda for Economics of Happiness

Jain

Sharma

Mahendru³

2019

Sustainability

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“…This is because people who have higher income have more opportunities to buy desired goods and services (Frey & Stutzer, 2002;Schnittker, 2008). Even though people who gain higher income seem to be happier people, their happiness level is affected by working hours (Binswanger, 2006;Paul & Guilbert, 2013). People may be unsatisfied with their jobs if they have long working hours (Georgellis, Lange, & Tabvuma, 2012).…”

Section: Incomementioning

confidence: 99%

A Conceptual Framework of Happiness at the Workplace

Wesarat¹,

Sharif²,

Majid³

2014

ASS

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Happiness at the workplace refers to how satisfied people are with their work and lives. The idea of happiness is related to individual's subjective well-being. Happiness at the workplace is crucial for improving productivity in any organization. Happy people are productive people while those people who are unhappy may not pay full attention to any task. Some scholars believe that organizations which are able to maintain long-term happiness at the workplace could probably increase and sustain productivity. Therefore, they should know what factors could affect employee happiness in order to effectively enhance happiness at the workplace. But research on employee happiness was rarely seen in the past. The issue of happiness at the workplace needs to be properly conceptualized so that useful research on it could be conducted. This paper presents a potential conceptual framework of happiness at the workplace that could give valuable contribution to future research in this area.

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“…Paul and Guilbert (2013) extend the notation of Layard (2005, p. 252) and describe a generalized adaptation function A as follows:…”

mentioning

confidence: 99%

“…Following Di Tella et al (2010) and Paul and Guilbert (2013), the hypothesis of no adaptation can be tested with…”

mentioning

confidence: 99%

Income Comparisons, Income Adaptation, and Life Satisfaction: How Robust are Estimates from Survey Data?

Pfaff

2013

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in SOEPpapers on Multidisciplinary Panel Data Research at DIW BerlinThis series presents research findings based either directly on data from the German SocioEconomic Panel Study (SOEP) or using SOEP data as part of an internationally comparable data set (e.g. CNEF, ECHP, LIS, LWS, CHER/PACO). SOEP is a truly multidisciplinary household panel study covering a wide range of social and behavioral sciences: economics, sociology, psychology, survey methodology, econometrics and applied statistics, educational science, political science, public health, behavioral genetics, demography, geography, and sport science.The decision to publish a submission in SOEPpapers is made by a board of editors chosen by the DIW Berlin to represent the wide range of disciplines covered by SOEP. There is no external referee process and papers are either accepted or rejected without revision. Papers appear in this series as works in progress and may also appear elsewhere. They often represent preliminary studies and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be requested from the author directly.Any opinions expressed in this series are those of the author(s) and not those of DIW Berlin.Research disseminated by DIW Berlin may include views on public policy issues, but the institute itself takes no institutional policy positions. AbstractTheory suggests that subjective well-being is affected by income comparisons and adaptation to income.Empirical tests of the effects often rely on self-constructed measures from survey data. This paper shows that results can be highly sensitive to simple parameter changes. Using large-scale panel data from Germany and the UK, I report cases where plausible variations in the underlying income type substantially affect tests of the relationship between life satisfaction, income rank, reference income, and income adaptation. Models simultaneously controlling for income and income rank as well as models with a number of income lags are prone to imperfect multicollinearity with consequences for the precision and robustness of estimates. When testing relative-income effects, researchers should be aware that reference income constructed as average of a rather arbitrarily defined reference group and reference income predicted from Mincer-type earnings equations are two approaches that can produce inconsistent results, and that are probably n...

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Income–happiness paradox in Australia: Testing the theories of adaptation and social comparison

Cited by 42 publications

References 25 publications

Can I Sustain My Happiness? A Review, Critique and Research Agenda for Economics of Happiness

Can I Sustain My Happiness? A Review, Critique and Research Agenda for Economics of Happiness

A Conceptual Framework of Happiness at the Workplace

Income Comparisons, Income Adaptation, and Life Satisfaction: How Robust are Estimates from Survey Data?

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