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Is the structure of happiness equations the same in poor and rich countries? The case of South Africa

By Nattavudh Powdthavee

Abstract

Is happiness pattern structurally the same between the poor countries and the rich countries? Using a cross-sectional data from SALDRU93 survey, we show that relationships between subjective well-being and socioeconomic variables have a similar structure in South Africa as they are in the developed countries. Well-being appears to rise with income. Unemployment, however, is detrimental to reported well-being, both at the individual- and household-level. Living standard indicators such as durable assets ownership seem to be as good determinants of happiness levels as income. Relative income also matters in the evaluation of subjective well-being, once relative consumption is controlled for

Topics: HN, DT
Publisher: University of Warwick, Department of Economics
Year: 2003
OAI identifier: oai:wrap.warwick.ac.uk:1514

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