Does Being Well-Off Make Us Happier? Problems of Measurement

Jiri Zuzanek ()

Journal of Happiness Studies, 2013, vol. 14, issue 3, 795-815

Abstract: The article uses General Social Survey data (GSS) collected by Statistics Canada from 1986 to 2005 and experience sampling data (ESM) collected in 1985 and 2003 at the University of Waterloo to examine relationships between economic growth, household income, and subjective sense of well-being. The article puts to a test two propositions made by Easterlin (Nations and households in economic growth: Essays in Honor of Moses Abramovitz. Academic Press, New York, NY, 1974 ), namely that personal and household incomes correlate positively with subjective well-being, but this does not apply to the relationship between subjective well-being and societal economic growth. Analyses of GSS data reported in this article support Easterlin’s findings. They show that higher household incomes correlate positively with respondents’ retrospective assessments of life satisfaction, but economic growth has not been accompanied by a corresponding rise of subjective well-being. Analyses of ESM data suggest that when relationships between household income and subjective well-being are measured by “experiential” measures (Csikszentmihalyi and Larson in J Nerv Ment Dis 175: 526–537, 1987 ), these relationships are not statistically significant and subjective valuations of well-being taper off at the top of the income pyramid. Copyright Springer Science+Business Media B.V. 2013

Keywords: GDP; Happiness; Income; Measurement; Subjective well-being (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10902-012-9356-0 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:jhappi:v:14:y:2013:i:3:p:795-815

Ordering information: This journal article can be ordered from
http://www.springer. ... fe/journal/10902/PS2

DOI: 10.1007/s10902-012-9356-0

Access Statistics for this article

Journal of Happiness Studies is currently edited by Antonella Delle Fave

More articles in Journal of Happiness Studies from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().