Projects per year
Abstract
What does predict the evolution over time of subjective well-being? We answer this question correlating cross country time series of subjective well-being with the time series of social capital and/or GDP. First, we adopt a bivariate methodology similar to the one used used by Stevenson and Wolfers (2008), Sacks et al. (2010), Easterlin and Angelescu (2009), Easterlin et al. (2010). We find that in the long (at least 15 years) and medium run (6 years) social capital is a powerful predictor of the evolution of subjective well-being. In the short-term (2 years) this relationship weakens. Indeed, short run changes in social capital predict a much smaller portion of the changes in subjective well-being, compared to longer periods. GDP follows a reverse path: in the short run it is more positively correlated to the changes in well-being than in the medium-term, while in the long run the correlation vanishes. Moreover, we run trivariate regressions of time series of subjective well-being on
time series of both social capital and GDP, which confirm the results from bivariate analysis.
Original language | English |
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Publisher | CEPS/INSTEAD |
Number of pages | 52 |
Publication status | Published - 2011 |
Publication series
Name | Working Papers |
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Publisher | CEPS/INSTEAD |
No. | 2011-60 |
Keywords
- Easterlin paradox
- GDP
- economic growth
- happiness
- life satisfaction
- medium run
- short run
- social capital
- subjective well-being
- time-series
Projects
- 1 Finished
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VALCOS: Valeurs et cohésion sociale
Borsenberger, M., Berzosa, G., Valentova, M., Bardes, J., Fleury, C., Klein, C., Dickes, P., Hausman, P., Sarracino, F., Mikucka, M., Callens, M., Acket, S., Tourbeaux, J., Dubajic, N., Skoczylas, K., Bartolini, S., Zahlen, P., Lehners, J., Estgen, P., Mertz, F. & Legrand, M.
Luxembourg National Research Fund (FNR)
1/02/07 → 31/01/11
Project: Research
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Does Individualistic Culture Lower the Well-Being of the Unemployed? Evidence from Europe.
Mikucka, M., 1 Jan 2014, In: Journal of Happiness Studies. 15, p. 673-691Research output: Contribution to journal › Article › peer-review
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Age and sex differences in gender role attitudes in Luxembourg between 1999 and 2008.
Valentova, M., 1 Jan 2013, In: Work, Employment and Society. 27, 4, p. 639-657 20 p.Research output: Contribution to journal › Article › peer-review
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Gender Attitudes in Luxembourg Between 1999 and 2008
Valentova, M., 2012, CEPS/INSTEAD, 32 p. (Working Papers; no. 2012-02).Research output: Working paper
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Intégration et frontières sociales au Luxembourg
Tourbeaux, J., 2012, CEPS/INSTEAD, 36 p. (Working Papers; no. 2012-21).Research output: Working paper
Open AccessFile -
Intégration et frontières sociales au Luxembourg.
Tourbeaux, J., 1 Jan 2012, In: Revue européenne des sciences sociales. 50, 2, p. 115-145 31 p.Research output: Contribution to journal › Article › peer-review
Open Access