Economic growth and subjective well-being: analyzing the formative mechanism of Easterlin Paradox View Full Text


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Article Info

DATE

2019-12

AUTHORS

Lulu Li, Lei Shi

ABSTRACT

In this paper, we investigate the formative mechanism of the Easterlin paradox in China using 2010 Chinese General Social Survey (CGSS) data. By establishing a multi-factor, multi-level dynamic framework, we unveil the formative mechanism of the Easterlin paradox. The impact of multiple factors on subjective well-being and the influence of micro-level individual factors conditional on macro-economic development were analyzed. We find that with economic growth, on the one hand, material needs upgraded to enjoyment needs, and the return to well-being from material conditions decreased. On the other hand, the intensity of social inequality triggered relative deprivation, offsetting the return from economic growth. Therefore, subjective well-being stagnated, instead of increasing with economic growth. More... »

PAGES

1

References to SciGraph publications

  • 2011-08. The Impact of an Economic Boom on the Level and Distribution of Subjective Well-Being: Ireland, 1994–2001 in JOURNAL OF HAPPINESS STUDIES
  • 2008-06. Analysing trends in subjective well-being in 15 European countries, 1973–2002 in JOURNAL OF HAPPINESS STUDIES
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  • 2016-08. Why Economic Growth did not Translate into Increased Happiness: Preliminary Results of a Multilevel Modeling of Happiness in China in SOCIAL INDICATORS RESEARCH
  • Journal

    TITLE

    The Journal of Chinese Sociology

    ISSUE

    1

    VOLUME

    6

    Author Affiliations

    Identifiers

    URI

    http://scigraph.springernature.com/pub.10.1186/s40711-018-0090-9

    DOI

    http://dx.doi.org/10.1186/s40711-018-0090-9

    DIMENSIONS

    https://app.dimensions.ai/details/publication/pub.1111105190


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