The impact of the financial crisis on happiness in affluent European countries

Dados Bibliográficos

ID12899858
AutoresBent Greve (0000-0003-0502-4389, autor correspondente)
Ano2012
Volume28
Fascículo3
Páginas183-193
Data de publicação2012-10-01
Peer ReviewedSim
Open AccessNão
TipoARTICLE
PeriódicoJournal of Comparative Social Welfare (JOURNAL)
Identificadores do periódicoISSN: 1748-6831 • E-ISSN: 1748-684X
EditoraTaylor & Francis (PUBLISHER • GB)
DOI10.1080/17486831.2012.736354
OpenAlexW2059959597
IdiomaEN
Citações recebidas4
Referências citadas30

The impact of income on happiness has received much academic attention. In general, countries with a higher income per capita have higher levels of happiness; nevertheless, as Easterlin has observed, an increase in income is not necessarily correlated with an increase in happiness. Easterlin's paradox has been central to the debate. By contrast, studies do not, in general, analyse the opposite situation; that is, whether a decline in income will have a negative impact on the level of happiness. Based upon recent data from the European Social Survey this article tries to fill this gap by looking at changes in happiness in the wake of the recent financial crisis and consequent change in income as measured by gross domestic product per capita. The article, using data for 15 European countries released in 2011 covering the year 2010, concludes that such a causal relationship cannot be confirmed on the basis of the present limited data. The reason why the relationship cannot be confirmed needs to be explored further

Demographic economics · Development economics · Economic growth · Economics · European Social Survey · Financial crisis · Gross domestic product · Happiness · Macroeconomics · Per capita · Per capita income · Political science · Population · Sociology · Survey data collection · World Values Survey · Demography · Health disparities and outcomes · Psychological Well-being and Life Satisfaction · Psychology · Regional resilience and development · Social Psychology