Individuals’ Assessments of Their Own Wellbeing, Subjective Welfare, and Good Life: Four Exploratory Studies

Micael Dahlen () and Helge Thorbjørnsen
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Micael Dahlen: Stockholm School of Economics, P.O. Box 6501, SE-113 83 Stockholm, Sweden
Helge Thorbjørnsen: Norwegian School of Economics, Helleveien 30, 5045 Bergen, Norway

IJERPH, 2022, vol. 19, issue 19, 1-10

Abstract: This paper reports on four exploratory online studies of how wellbeing and welfare are valued and perceived from a subjective, individual perspective. Study 1 ( n = 707) compares individuals’ subjective ratings and correlations of the importance of the three wellbeing dimensions happiness, meaning in life, and a psychologically rich life, as well as their welfare. Study 2 ( n = 679) factor-analyses the same four (five-item) wellbeing and subjective welfare constructs. Study 3 ( n = 710) gauges how individuals’ global assessments of the three dimensions of wellbeing and of subjective welfare contribute to their assessments of living a good life, using stepwise regression analysis. Study 4 ( n = 663) replicates the stepwise regression analysis with global measures of relative, rather than absolute, wellbeing and subjective welfare.

Keywords: wellbeing; subjective welfare; good life; happiness; meaning in life; psychological richness (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
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