The conflictive relationship between satisfaction and income

Arbeitspapier

This paper makes use of the 2006 Gallup World Survey, which includes opinions on satisfaction with various aspects of life in 130 countries. Although a very solid relationship is found between satisfaction and income (both across and within countries), raising doubts regarding the well-known Easterlin Paradox, a new paradox arises: 'unhappy growth', where faster growth rates are accompanied by lower levels of satisfaction. The losses of satisfaction associated with growth are more pronounced in the material domains of life and are greater in richer and more urban societies. At the individual level, although higher incomes tend to be reflected in greater satisfaction, an increase in the income of the social group to which an individual belongs has the opposite effect. The conflictive relationship between satisfaction and income has implications for political economy. In particular, it suggests a simple mechanism for explaining various characteristic traits of economic and social populism.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 642

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; Policy Objectives; Policy Designs and Consistency; Policy Coordination ; General Welfare; Well-Being ; Planning Models; Planning Policy
• Thema: Income ; Quality of Life ; GDP ; Growth ; Latin America

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Lora, Eduardo ; Chaparro, Juan Camilo
• Ereignis: Veröffentlichung
• (wer): Inter-American Development Bank, Research Department
• (wo): Washington, DC
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/51436
• Letzte Aktualisierung: 20.09.2024, 08:22 MESZ