Cid, Alejandro and Ferrés, Daniel and Rossi, Máximo (2010): Helping to Unravel the Dynamics of Happiness among the Elderly in the Southern Cone. Published in: Revista de Economía de la Universidad de Montevideo No. 9 (2010)
Download (38kB) | Preview
The happiness literature provides evidence on various factors, other than money, that do seem to contribute to individual happiness. As one explores the produced “happiness socioeconomics” literature, it is direct to understand the difficulty to find proper information on developing countries reality. In our analysis we investigate the relationship between income, family composition, health and religion over subjective well-being in the Southern Cone of Latin America (Argentina, Chile and Uruguay). Specifically, we analyze data from the SABE survey, a study conducted among people who are 60 years old or over, in various Latin American countries. The main results of our analysis show a positive correlation between higher levels of subjective well-being and higher levels of income or health, being married and the frequent religion practice. On the contrary, malnutrition shows a negative relationship with happiness indicators. In order to add robustness to our results, our research uses different indicators of well-being and alternative estimation models. Latin America, in particular the southern cone, has experienced an increasing aging population since mid ’50s. Thus, for policy makers, it is extremely useful to disentangle the possible causes of subjective well-being among the elderly. This research and its findings suggest guidelines to explore.
|Item Type:||MPRA Paper|
|Original Title:||Helping to Unravel the Dynamics of Happiness among the Elderly in the Southern Cone|
|Keywords:||well-being; happiness; elderly; health; family; Latin America|
|Subjects:||I - Health, Education, and Welfare > I3 - Welfare, Well-Being, and Poverty > I31 - General Welfare, Well-Being|
|Depositing User:||Alejandro Cid|
|Date Deposited:||10. Jul 2012 02:31|
|Last Modified:||04. Mar 2015 10:15|
Alesina, A., Di Tella, R. and MacCulloch, R. (2004). “Inequality and happiness: are Europeans and Americans different?” Journal of Public Economics. 2009-2042.
Alpizar, F., Carlsson, F. and Johansson-Stenman, O. (2005). “How much do we care about Absolute versus relative income and consumption?” Journal of Economic Behavior and Organization, vol. 56, pp. 405-421.
Clark, A. E., Frijters, P. and Shields, M. (2007). “Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles”. IZA Discussion Paper Nº 2840.
Cid, A., Ferrés, D. And Rossi, M (2008). “Testing Happiness Hypothesis among the Elderly”. Cuadernos de Economía, Nº 48. Universidad Nacional de Colombia.
Cid, A., Ferrés, D. And Rossi, M (2009). “Subjective Well-Being in the Southern Cone: Health, Income and Family”. Revista Egitana Sciencia. Nº 5, Instituto Politécnico da Guarda (IPG).
Easterlin, R. (2001). “Income and Happiness: Towards a Unified Theory”. The Economic Journal, Vol. 111, No. 473 (Jul., 2001), pp. 465-484
Frey, B. and Stutzer, A. (2003). “Testing Theories of Happiness”. Institute for Empirical Research in Economics, University of Zurich. Working Paper Series, No 147.
Gerdtham, U and Johanesson, M. (1997). “The relationship between happiness, health and socio-economic factors: results based on Swedish micro data”. Working Paper Series in Economics and Finance No. 27. Department of Economics, Stockholm School of Economics, Stockholm, Sweden.
Kahneman, D., Krueger, A., Schkade, D., Schwarz, N. and Stone, A. (2006). “Would You Be Happier If You Were Richer? A Focusing Illusion”. CEPS Working Paper No. 125. May 2006
Krueger, A. and Schkade D. (2007). “The Reliability of Subjective Well-Being Measures” NBER Working Paper Series. Working Paper 13027. April 2007.
Larsen, R.J., Diener, E. and Emmons, R.A. (1985). “An evaluation of subjective well-being measures”. Social Indicators Research. Volume 17. Number 1.
Stack, S. and Eshleman, J. R. (1998). “Marital Status and Happiness: A 17-Nation Study”. Journal of Marriage and the Family. May, pp. 527-536.