The Economics of Happiness: A study of the relationship between income and happiness in Europe.
Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
The present paper analyses the relationship between income and happiness (well-being, level of satisfaction) based on one of the most popular theories on the subject: The Easterlin Paradox. The main goal is to observe through an ordered logistic regression how important pecuniary and non-pecuniary factors affect the lives of the European citizens interviewed by the European Social Survey in 2006/2007. The research´s results reveal that if it is true that the level of income affects our level of happiness, this implication dilutes as we include the non-pecuniary factors in our analysis.
"Most people could increase their happiness by devoting less time to making money, and more time to non-pecuniary goals such as family life and health".
Place, publisher, year, edition, pages
IdentifiersURN: urn:nbn:se:uu:diva-203505OAI: oai:DiVA.org:uu-203505DiVA: diva2:636910
Bali Swain, Ranjula, Forskare
Ohlsson, Henry, Professor