DOES ECONOMIC GROWTH BRING ABOUT INCREASED HAPPINESS?
DOES ECONOMIC GROWTH BRING ABOUT INCREASED HAPPINESS?
Author(s): Gheorghe H. PopescuSubject(s): Psychology, Supranational / Global Economy, Labor relations, Economic policy, Sociology of the arts, business, education, Economic development, Socio-Economic Research
Published by: Addleton Academic Publishers
Keywords: subjective well-being; economic growth; income disparity;
Summary/Abstract: Do states at various degrees of economic development have distinct average degrees of subjective well-being? The main objective of this paper is to explore and describe the relationship between subjective well-being and economic growth, the consequences of income change on different kinds of subjective well-being, the dynamic link between income disparity and happiness, and the function of culture in grasping the long-run happiness and life satisfaction of people. Although researchers have discovered some important findings regarding why economic growth within a state may not translate into a rise in contentment, there is still a great deal that is unknown and that requires further empirical inquiry.
Journal: Journal of Self-Governance and Management Economics
- Issue Year: 4/2016
- Issue No: 4
- Page Range: 27-33
- Page Count: 7
- Language: English
- Content File-PDF