Income, aspirations and subjective well-being: International evidence
Abstract: Previous micro-level results from cross-sectional data from individual countries suggest that well-being brought about by higher income are at least partly offset by higher income aspirations. We conduct an encompassing analysis, covering about 30 countries at different stages of economic development. We use micro-data on Europeans’ subjective well-being, income and aspirations from the year 2013 and panel data on income and aspirations. Earlier findings on the negative association of aspirations and well-being are shown to hold internationally. As suggested by the earlier results from individual countries, aspirations matter systematically more in high-income countries. These results are robust to alternative well-being measures. However, the results also suggest that, despite aspirations, higher income improves life satisfaction even in high-income countries where aspirations totally offset emotional well-being and eudaimonia improvements. Further, the panel analysis shows that a
- Location
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Deutsche Nationalbibliothek Frankfurt am Main
- Extent
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Online-Ressource
- Language
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Englisch
- Notes
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Veröffentlichungsversion
begutachtet (peer reviewed)
In: Journal of Economic Behavior & Organization ; 185 (2021) ; 287-302
- Classification
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Wirtschaft
- Event
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Veröffentlichung
- (where)
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Mannheim
- (who)
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SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.
- (when)
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2021
- Creator
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Hovi, Matti
Laamanen, Jani-Petri
- DOI
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10.1016/j.jebo.2021.02.030
- URN
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urn:nbn:de:0168-ssoar-79675-0
- Rights
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Open Access; Der Zugriff auf das Objekt ist unbeschränkt möglich.
- Last update
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25.03.2025, 1:53 PM CET
Data provider
Deutsche Nationalbibliothek. If you have any questions about the object, please contact the data provider.
Associated
- Hovi, Matti
- Laamanen, Jani-Petri
- SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V.
Time of origin
- 2021
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