The influence of income on subjective well-being

Pukelienė, Violeta; Kisieliauskas, Justinas

doi:10.7220/aesr.1822.7996.2013.7.2.1

Cited by 3 publications

(4 citation statements)

References 3 publications

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“…Ascribing paramount importance to wealth in the pursuit of happiness may be an exercise in futility. This is concordant with the large body of studies (Diener & Oishi, 2000;Diener & Biswas-Diener, 2002;Easterlin, 1974;Easterlin, 1995;Easterlin, 2001;Inglehart, 1996;Inglehart & Klingemann, 2000;Pukeliene & Kisieliauskas, 2013) on income and happiness that reported the non-significant effect of money on happiness.…”

Section: Key Finding 1: Materialism and Its Discontentssupporting

confidence: 81%

“…At the global level, country-level aggregates of income and happiness provide further evidence that materialistic pursuits and goals do not provide incremental increases in happiness past a certain point Pukeliene & Kisieliauskas (2013) investigated the relationship between income and happiness of 21 European countries from 2000 to 2010. The authors found that within that decade, GDP per capita was highest in Norway but it ranked only third in happiness levels.…”

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confidence: 99%

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A Mixed-Method Study of Materialism and Spirituality: Two Sides of the Happiness Coin?

Yeshi¹

2018

Preprint

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n this mixed-methods study, we examine the role of materialism and spirituality and how they contribute to the happiness of adults in two distinct age groups. In Study 1, 210 adults from two distinct age groups (25-39 years and 40-65 years) completed a series of questionnaires measuring materialism, spirituality and levels of happiness. Analysis of the data provided support for the hypotheses, showing that younger adults, relative to older adults, were more likely to report higher levels of materialism. Older adults, conversely, reported higher levels of spirituality than young adults. Correlational analyses further reveal that there is a significant negative correlation between materialism and happiness, and a significant positive correlation between spirituality and happiness. In Study 2, semi- structured interviews were conducted with 11 adults on their perceptions of materialism, spirituality and happiness. Results from the thematic analysis of these accounts suggest that spirituality fosters self-awareness in individuals, and inspires them to value and help others. Interviewees further state that being materialistic provides subsistence, but breed dissatisfaction. Collectively, findings from this mixed-methods study suggest that while materialistic values do contribute to happiness, such values do not extend individual happiness beyond that necessary for subsistence, and may even be detrimental towards happiness in the long-term. Spirituality, on the other hand, appears a more permanent and constant contributor to sustained happiness, though this realization only appears evident among older adults. We conclude by discussing the theoretical and practical implication of these findings.

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Section: Key Finding 1: Materialism and Its Discontentssupporting

confidence: 81%

mentioning

confidence: 99%

A Mixed-Method Study of Materialism and Spirituality: Two Sides of the Happiness Coin?

Yeshi¹

2018

Preprint

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“…Similar researches includes very different measures and sizing such as life expectancy and death rate of newborns (Scully, 2001 (Mueller, 2003), as believed that should have a negative impact on the levels of subjective wellbeing as well. This creates the negative public opinion on effective management of public spending, due to bureaucrats that increase their personal welfare or ineffective policies as well as policies emerging from different political views following one after another and resulting in being noxious for social welfare (Niskanen, 1971 Kisieliauskas, 2013). These studies show that countries have a different perception of wellbeing and that criteria's have different weight in social welfare function or maybe even different for each country separately that reveals the biggest difficulty, the problem that there are not any objective ways to compare and assess these differences between the countries.…”

Section: Theoretical Background Of Researchmentioning

confidence: 99%

The assessment of influence of functional government expenditure on subjective wellbeing in EU

Kisieliauskas¹,

Rudgalvis²

2017

AESR

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In this paper, researchers analyze the influence of functional government spending on satisfaction with life in EU countries. The main problem arises from the theoretical conflict between the traditional view of welfare economists, which states that the government is responsible for maximization of social welfare through reallocation of resources against studies proving that government spending has negative effects on social welfare, as the government is not effective in resource reallocation. Research under this topic discloses contradicting results on the effect of functional government expenditures on wellbeing, which leaves a place for more in-depth researches on this topic. Does government spending have any effect on one's wellbeing? Does increase in functional spending increase the level of wellbeing? Are there any limitations on government spending? The research compares data of 26 EU countries using graphical and linear regression analysis to answer these questions and to see if there are any turning points, which would show that changes in government spending may have a contrary effect on wellbeing. Keywords: subjective wellbeing, happiness, government functional spending, welfare economics.Darbe tyrėjai vertina funkcinių vyriausybės išlaidų poveikį visuomenės subjektyviai gerovei, išreikštai pasitenkinimo gyvenimu rodikliu Europos Sąjungos šalyse. Darbo problema kyla iš teorinio konflikto tarp tradicinių gerovės ekonomikos šalininkų, teigiančių, kad pagrindinė vyriausybės funkcija yra didinti visuomenės gerovę perskirstant išteklius, ir empirinių įžvalgų, kuriose toks ryšys kvestionuotinas. Tyrėjai darbe atsako į tokius klausimus: ar vyriausybės išlaidos veikia subjektyvią gerovę; ar didėjant vyriausybės funkcinėms išlaidoms didėja ir subjektyvi visuomenės gerovė; ar egzistuoja ir ar turėtų egzistuoti vyriausybės išlaidų riba, kuri galėtų tapti vyriausybės išlaidų gairėmis subjektyvios visuomenės gerovės kontekste. Į šiuos klausimus ieškoma atsakymo tiriant 26 Europos Sąjungos šalis. Tyrėjai, pasinaudoję grafine ir regresine analize, atsako į iškeltus klausimus ir padeda pagrindą tolimesnėms šių tyrimų kryptims. Raktažodžiai: subjektyvi visuomenės gerovė, laimė, vyriausybės funkcinės išlaidos, gerovės ekonomika.

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“…16 If economic growth results in merely slight improvements in well-being it should not be a primary aim of government policy in developed economies and current policies should shift focus from continuous economic growth to maximizing subjective well-being. 34 Pukeliene & Kisieliauskas 35 state that further and comprehensive research, into the correlation between income and well-being, is required. Easterlin 36 also necessitates such research.…”

Section: Contribution Of Studymentioning

confidence: 99%

The Relationship between Income and Well-Being, an Irish Study

Henn

Murphy

2015

MOJPH

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This study presents an empirical analysis of the importance of absolute, reference and relative income on individual well-being in Ireland. Four primary hypotheses are tested: First, whether individual income results in a positive effect on individual well-being; Second, whether reference group income results in a negative effect on individual wellbeing; Third, whether relative income results in a positive effect on individual well-being and finally, whether the effect of income on well-being is affected by the different definitions of well-being; namely that of happiness and life satisfaction. A subjective self-reported measure of life satisfaction and happiness is used in order to measure individual well-being levels. The ordered probit technique is applied to data from the European Values Study 2008 to estimate the well-being equation. Results find a statistically significant positive absolute income coefficient. This illustrates that higher household income results in higher subjective well-being. Thus, in Ireland richer individuals are found to report higher levels of well-being than co-citizens at the bottom of the income distribution. Reference income results find a negative coefficient illustrating that higher reference group income results in lower subjective well-being. Therefore, this study finds that in Ireland an increase in reference group income results in a reduction in individual well-being. This study finds a positive relative income coefficient. Hence, this study finds that in Ireland the richer a particular individual is compared to his/her reference group the higher subjective wellbeing that individual will possess. This study identifies that, in the context of considerable similarity, particular variations between the happiness and life satisfaction regression results are found. Primarily, findings illustrate that non-economic conditions have a larger effect on happiness than life satisfaction. Economic conditions however, depict a larger effect on life satisfaction than happiness.

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The influence of income on subjective well-being

Cited by 3 publications

References 3 publications

A Mixed-Method Study of Materialism and Spirituality: Two Sides of the Happiness Coin?

A Mixed-Method Study of Materialism and Spirituality: Two Sides of the Happiness Coin?

The assessment of influence of functional government expenditure on subjective wellbeing in EU

The Relationship between Income and Well-Being, an Irish Study

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