Wpływ czasu wolnego na dobrobyt
Leisure in well-being

Summary/Abstract: Purpose – The goal of this study is to assess leisure relevance for the well-being indexes and to examine the importance of leisure for subjective well-being. Research method – A critical analysis of literature and deductive reasoning were conducted. From among the quantitative methods, tools of descriptive statistics and econometric models were used, the aim of which was to construct two original indexes and compare them with existing indicators of wellbeing. Results – On the basis of the literature, it was concluded that an adequate amount of leisure is a prerequisite for the existence of many well-being elements. Quantitative research has shown that well-being indexes are poorly correlated with the indicator of subjective well-being – World Happiness Index. Aggregating the amount of leisure with GDP per capita PPP, the most popular measure of wellbeing, increased its correlation with the same subjective indicator. These results are in line with theoretical conclusions. Originality /value – Two original well-being indexes were constructed based on microeconomic utility models and their adjustment to the subjective well-being was examined.

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