Developments in the Measurement of Subjective Well-Being and Poverty: An Economic Perspective

Khadija Shams ()

Journal of Happiness Studies, 2016, vol. 17, issue 6, No 1, 2213-2236

Abstract: Abstract Drawing on unique survey data for rural Pakistan, we estimate a happiness model to explore to what extent an economic perspective adds to our understanding of subjective wellbeing poverty. The data elicits information on subjective well-being in general and particularly on financial well-being in terms of household’s happiness with the current income or expenditure. We find that the well-being approach closely depicts the idea of well-being poverty in terms of the level education, health and income which matter significantly. Moreover unlike developed nations this study suggests a positive impact of children on well-being and poverty due to their productive contribution. As studies employing good data from developing countries are rare, this paper can potentially make a good contribution to the existing happiness literature, with special reference to Pakistan. Secondly, it brings new and strong empirical evidence to alternative approaches to subjective well-being poverty.

Keywords: Subjective well-being; Poverty evaluation; Socio-economic indicators; Economic perspective (search for similar items in EconPapers)
JEL-codes: I15 I25 I32 R58 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (7)

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DOI: 10.1007/s10902-015-9691-z

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