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Factors influencing life satisfaction, the GDP indicator in relation to happiness and life satisfaction
Nováčková, Veronika ; Vejchodská, Eliška (advisor) ; Frič, Pavol (referee)
The main topic of the master thesis is the relationship between life satisfaction and the GDP indicator. Factors that influence life satisfaction are the subject of my research. The master thesis is based on two scientific studies that deal with the relationship between life satisfaction and the GDP indicator. The conclusions of these two studies contradict each other. The first study was published in 1974 by Richard Easterlin. According to Easterlin's paradox, the people's happiness in a given country does not increase with increasing GDP in the long run. When people reach a certain level of wealth and material well-being, their subjective happiness and overall life satisfaction do not grow anymore. The second scientific study was published in 2008 by Stevenson and Wolfers. The authors concluded that there is a positive correlation between life satisfaction and increasing GDP per capita in many countries. This master's thesis aimed to find out what could be the reason behind this contradiction. Moreover, the master's thesis aimed to identify factors influencing life satisfaction. In the empirical part of the work, I used qualitative research methods. Based on the methodologies used in the two studies, I created two types of questionnaires. In total, I conducted fifty semi- structured interviews....
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The importance of income on subjective well-being
Sedlář, Jan ; Baxa, Jaromír (advisor) ; Skuhrovec, Jiří (referee)
1 Abstract My Bachelor thesis deals in a comprehensive way with the discussion unleashed by the publication of the Easterlin's article which called attention to more complex relations between the absolute level of income and the subjective well-being than the economic theory would ever assume . There is the literature shown which finds the explanation why the relation - the absolute level of income and the subjective well-being - does not hold without exceptions. A special attention is devoted to the human behaviour: comparison of the individual's situation with the situation of his reference group, comparison of the individual's situation with the situation he was accustomed to in the past, the individual's adaptation to the new situation and change of his aspiration and on the overvaluation of the benefits from the achieved goal. The first characteristic is tested experimentally with use of the analogy: the income as the evaluation of the job performance, the mark as the evaluation of the student. The experiment did not prove that the comparison of the student with his reference group would have the influence on his own performance. The second part of my thesis is focused on the description of the relationship between the gross national income per capita and the satisfaction of the inhabitants from the...
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The Consequences of new ways measurment of economic welfare for recommendation to economic policy
Hrnčířová, Kristýna ; Štika, Pavel (advisor) ; Skuhrovec, Jiří (referee)
Current economic policy, favoring particurarly economic growth as a condition for the growth of well-being, is confronted with empirical evidence that despite this effort, population is not always satisfied. This thesis examines, in addittion to economic growth, also other important economic indicators such as unemployement and inflation, their interrelations and connections of these indicators with the satisfaction of population. It presents reasons for importance of the development of these variables for the satisfaction of residents and to what extent satisfaction can be affected by these variables. Variables are investigated from the perspective of mainstream economics and the economics and happiness. In conclusion, this thesis summarizes recent findings of leading economists on possible revision of economic policy to better reflect present empirical evidence. Key words: Economic policy, subjective well-being, well-being, income, unemploment, inflation, Easterlin paradox .
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The importance of income on subjective well-being
Sedlář, Jan ; Baxa, Jaromír (advisor) ; Skuhrovec, Jiří (referee)
1 Abstract My Bachelor thesis deals in a comprehensive way with the discussion unleashed by the publication of the Easterlin's article which called attention to more complex relations between the absolute level of income and the subjective well-being than the economic theory would ever assume . There is the literature shown which finds the explanation why the relation - the absolute level of income and the subjective well-being - does not hold without exceptions. A special attention is devoted to the human behaviour: comparison of the individual's situation with the situation of his reference group, comparison of the individual's situation with the situation he was accustomed to in the past, the individual's adaptation to the new situation and change of his aspiration and on the overvaluation of the benefits from the achieved goal. The first characteristic is tested experimentally with use of the analogy: the income as the evaluation of the job performance, the mark as the evaluation of the student. The experiment did not prove that the comparison of the student with his reference group would have the influence on his own performance. The second part of my thesis is focused on the description of the relationship between the gross national income per capita and the satisfaction of the inhabitants from the...
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An analysis of the determinants of suicide rates in OECD countries
Hainz, Filip ; Kovanda, Lukáš (advisor) ; Čermáková, Klára (referee)
This bachelor thesis analyzes the impact of selected socioeconomic factors on suicide rates among 32 OECD countries between years 2005-2010. Based on analysis by fixed and random effects method, the thesis confirms 2 stated hypothesis, which are: 1. Suicide rate is negatively correlated with GDP per capita, 2. Suicide rate is positively correlated with unemployment. Analysis implies that increase of GDP per capita leads to decrease in suicide rate by approximately 0,3 %. To the contrary, increase of unemployment by 1 percentage point leads to increase in suicide rate by about 1 %. Other identified significant factors are: alcohol consumption per capita and average hours worked in employment which positively, respectively negatively correlate with suicide rate. Findings mentioned above are consistent with sociological hypothesis stated by Henry and Short and economical hypothesis stated by Hamermesh and Soss.
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Alternative perspectives on economic indicator Gross Domestic Product
Salaj, Petr ; Brůna, Karel (advisor) ; Kučera, Lukáš (referee)
The main goal of this dissertation is to explore alternative economic indicators to GDP. The paper also analyses whether GDP is able to capture the development of a society's welfare, and whether different indicators can show other results about the development of national economy. After an introductory description of GDP, the paper outlines the core limits of this indicator. Following this is a discussion of happiness economics and Easterlin's paradox. The paper then goes on to explore the subject of alternative indicators in more detail. In the final chapter, five selected alternative indicators are analyzed, and compared with GDP using the USA's economy as an example. In conclusion, the paper evaluates the usefulness of these alternative indicators and finds that alternative indicators give a different perspective on national economy than GDP.
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