|
|
The effect of material prosperity on happiness: Evidence from Europe
Rečková, Dominika ; Pertold-Gebicka, Barbara (advisor) ; Bauer, Michal (referee)
Easterlin paradox referring to relatively stable levels of happiness and increasing in come over time, although these two seem to be correlated at one point in time has became a hot topic among economist researches in recent decades. The thesis ex tends the usual income analysis to reveal the nature of correlations between material prosperity and happiness. Series of 15 OLS, ordered probit and ordered logit models together with 35 quantile regressions provide a complex analysis of possible happi ness drivers. Results find significant correlations between material prosperity and happiness, and between happiness and social life. The relationship between income and happiness might be non-linear and influenced by various factors. Happiness is found to be dependent on relative income and socio-politic living environment which explains the Easterlin paradox. JEL codes D6, 124, 131 , J31 K ey words Happiness, Well-being, Life satisfaction, Public pol icy, Material prosperity, Reference point, Inequality
|
guest ::
RSS feed.