Gradus

VOL 2, NO 2 (2015): AUTUMN (NOVEMBER)

 

INCOME, PERCEPTIONS AND SUBJECTIVE WELL- BEING IN HUNGARY


Zsuzsanna Deak

Abstract

Subjective well-being (SWB) is based on people's personal evaluations of their own lives. Most measurements of SWB are obtained through questionnaires and interviews. Many aspects can influence our life satisfaction and our feeling of happiness such as personality, interpersonal relationships, demographics, environmental and economic factors. These observable facts are what make up objective well-being (OWB). By using OWB data as a proxy we should be able to predict an individual’s or society’s life satisfaction. This paper focuses on income (an objective component) and satisfaction with income and importance of personal wealth (subjective components) and their effects on SWB data.


Keywords

Keywords: Subjective well-being, life, satisfaction, income, perceptions, Hungary,


References

[1] Blanchflower, David G. & Oswald, Andrew J., „Is well-being U-shaped over the life cycle?,” Social Science &Medicine 66(8), pp. 1733-1749, 2008.
[2] Delhey, J., Life satisfaction in an enlarged Europe, European Foundation for the Improvement of Living andWorking Conditions, Office for Official Publications of the European Commission, Luxembourg, 2004.
[3] Di Tella, R., MacCulloch, R.J., Oswald, A.J., „The macroeconomics of happiness,” Review of Economics andStatistics 85 (4), pp. 809-827, 2003.
[4] Di Tella, R., MacCulloch, R., Oswald, A., „Preferences over inflation and unemployment: evidence form surveys ofhappiness,” The American Economic Review 91 (1), pp. 335– 341, 2001.
[5] Diener, E. and R. Biswas-Diener, “Will money increase subjective well-being? A Literature Review and Guide toNeeded Research,” Social Indicators Research, 57, pp.119-169, 2002.
[6] Diener, E., E. Sandvik, L. Seidlitz, and M. Diener, “The relationship between income and subjective well-being,relative or absolute?,” Social Indicators Research, 28, pp.195-223, 1993
[7] Diener, E., Helliwell, J. F., & Kahneman, D., (Eds.), International differences in well-being, Oxford University Press,New York, 2010
[8] Diener, E., Seligman, M., „Beyond money: Toward an economy of well-being,” Psychological Science in the PublicInterest, 5, pp. 1-31, 2004.
[9] Headey, B., Muffels, R., Wooden, M., „Money doesn’t buy happiness or does it?,” A reconsideration based on thecombined effect of wealth, income and consumption. Social Indicators Research 87, pp. 65–82, 2008.
[10] Lyubomirsky, S., Sheldon, K.M., Schkade, D., „Pursuing happiness: The architecture of sustainable change,”Review of General Psychology 9, pp. 111-131, 2005.
[11] Oswald, A. J., „Happiness and Economic Performance,” Economic Journal 107(5) pp. 1815–31, 1997.
[12] Sanfey, P. &U. Teksoz, “Does Transition Make You Happy?,” EBRD Working Paper 58, 2005.
[13] Somarriba, N. and B. Pena, “Synthetic Indicators of Quality of Life in Europe,” Social Indicators Research, 94,pp.115-133, 2009.
[14] United Nations World Happiness Report 2010-12. Edited by John Helliwell, Richard Layard and Jeffrey SachsAvailable: http://www.earth.columbia.edu/sitefiles/file/Sachs%20Writing/2012/World%20Happiness%20Report.pdf [Accessed: 2015-06-27]
[15] Veenhoven R., Happiness in Hungary, World Database of Happiness, Erasmus University Rotterdam, TheNetherlands [online]. Available: http://worlddatabaseofhappiness.eur.nl. [Accessed: 2015-06-27]



Copyright (c) 2019 Gradus