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The Economics of Happiness: A study of the relationship between income and happiness in Europe.
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Economics.
2013 (English)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

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".

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URN: urn:nbn:se:uu:diva-203505OAI: oai:DiVA.org:uu-203505DiVA: diva2:636910
Available from: 2013-07-15 Created: 2013-07-15 Last updated: 2013-07-15Bibliographically approved

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