Competition and wellbeing

Juan José Barrios
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Juan José Barrios: Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales. Departmento de Economía

No 95, Documentos de Investigación from Universidad ORT Uruguay. Facultad de Administración y Ciencias Sociales

Abstract: Drawing on individual data from the World Values Surveys, this paper estimates the relation between individual feelings about competition and self†reported happiness. People who think competition is good are associated to the same (high) level of happiness as do people who think competition is harmful. This finding is different than and complements previous research which shows a positive or negative relation between competition and wellbeing. The paper improves over previous research in that it approximates competitive environment by using individual†level measures. Instrumental variable analysis suggests that there may be a relation of causality stemming from competition to happiness. The paper conjectures about the reasons why individuals who find competition as harmful report higher levels of happiness.

Keywords: subjective well†being; happiness; utility; competition; econometrics; world values surveys (search for similar items in EconPapers)
JEL-codes: C01 D00 D40 I31 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2013-11
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