Education, Aspirations and Life Satisfaction

Francesco Ferrante

Kyklos, 2009, vol. 62, issue 4, pages 542-562

Abstract: The idea that expanding work and consumption opportunities always increases people's wellbeing is well established in economics but finds no support in psychology. Instead, there is evidence in both economics and psychology that people's life satisfaction depends on how experienced utility compares with expectations of life satisfaction or decision utility. Copyright 2009 Blackwell Publishing Ltd.

Date: 2009

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