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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2108/536
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| DC Field | Value | Language |
|---|
| contributor.author | Castriota, Stefano | - |
| date.accessioned | 2008-06-19T10:02:44Z | - |
| date.available | 2008-06-19T10:02:44Z | - |
| date.issued | 2006-12 | - |
| identifier.uri | http://hdl.handle.net/2108/536 | - |
| description.abstract | Previous empirical research has found a positive impact of education on happiness, on
regional and worldwide scale. In this paper I analyze the effect of absolute income on
human well-being by education level. Using data from the World Bank’s World Value
Survey on more than 118,000 individuals I find that the higher the education level is, the
less relevant the absolute income level (GDP per capita measured in PPP constant 2000
international USD) for self-declared life-satisfaction. Higher income makes everybody
happier but, everything else being equal, the marginal utility of additional income is
higher for less educated people. This might partly explain the Easterlin paradox.
Although the GDP level has been constantly rising from the end of World War II
onwards, the average life-satisfaction in Western Europe, Japan and the United States has
remained almost constant. Furthermore, average happiness levels in rich and poor
countries are not as different as GDP levels. Since the average education level has risen a
lot over time and is much higher in advanced countries, this might contribute to explain
why higher absolute income level has not implied higher life-satisfaction across countries
and over time. | en |
| format.extent | 169158 bytes | - |
| format.mimetype | application/pdf | - |
| language.iso | en | en |
| publisher | CEIS | en |
| relation.ispartof | http://hdl.handle.net/2108/538 | - |
| relation.ispartofseries | Quaderni CEIS; 246 | - |
| subject | education | en |
| subject | happiness | en |
| subject | Easterlin paradox | en |
| subject.classification | SECS-P/01 Economia politica | en |
| title | Education and happiness: a further explanation to the Easterlin paradox? | en |
| type | Working Paper | en |
| subject.jel | D6; Welfare economics | en |
| subject.jel | H00; Public economics : General | en |
| subject.jel | I21; Analysis of education | en |
| subject.jel | I31; General welfare | en |
| Appears in Collections: | Quaderni
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| File |
Description |
Size | Format |
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| 246.pdf | | 165Kb | Adobe PDF | View/Open |
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