Perceived Happiness and Economic Development：Easterlin Paradox and the Latin American Case

  • Tian Zengrui Glorious Sun Faculty of Management Donghua University – Shanghai.
  • Guillermo Andres Buitrago Glorious Sun Faculty of Management Donghua University – Shanghai.
  • Husam Wahdan Glorious Sun Faculty of Management Donghua University – Shanghai
Keywords: income, happiness, life satisfaction, Latin America, China.

Abstract

The aim of this study is to explore the link between subjective wellbeing and economic development. Our theoretical framework builds on the well mentioned Easterlin Paradox which suggests that there is no link between life satisfaction and economic growth. Using data from World Values Survey and World Bank we ran a number of econometric regressions. Our results showed that there is positive link between income and happiness across the globe, while for Latin America economic development is not a predictor of life satisfaction.

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Published
2018-02-10
How to Cite
Zengrui, T., Buitrago, G., & Wahdan, H. (2018). Perceived Happiness and Economic Development：Easterlin Paradox and the Latin American Case. Journal of Research in Business, Economics and Management, 10(2), 1851-1859. Retrieved from http://scitecresearch.com/journals/index.php/jrbem/article/view/1378
Issue
Vol 10 No 2: JRBEM
Section
Articles

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