What predicts the evolution over time of subjective well-being?We correlate the trends of subjective well-being with the trends of social capital and/or GDP. We find that in the long and the medium run social capital largely predicts the trends of subjective well-being. In the short-term this relationship weakens. Indeed, in the short run, changes in social capital predict a much smaller portion of the changes in subjective well-being than over longer periods. GDP follows a reverse path, thus confirming the Easterlin paradox: in the short run GDP is more positively correlated to well-being than in the medium-term, while in the long run this correlation vanishes.
Bartolini, S., Sarracino, F. (2014). “Happy for How Long? How Social Capital and GDP relate to Happiness over Time”. ECOLOGICAL ECONOMICS, 108, 242-256.
“Happy for How Long? How Social Capital and GDP relate to Happiness over Time”
BARTOLINI, STEFANO;
2014-01-01
Abstract
What predicts the evolution over time of subjective well-being?We correlate the trends of subjective well-being with the trends of social capital and/or GDP. We find that in the long and the medium run social capital largely predicts the trends of subjective well-being. In the short-term this relationship weakens. Indeed, in the short run, changes in social capital predict a much smaller portion of the changes in subjective well-being than over longer periods. GDP follows a reverse path, thus confirming the Easterlin paradox: in the short run GDP is more positively correlated to well-being than in the medium-term, while in the long run this correlation vanishes.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
https://hdl.handle.net/11365/977048
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