“I Think Competition is Better Than You Do: Does It Make Me Happier?” Evidence from the World Value Surveys
- 501 Downloads
Drawing on individual data from the World Values Surveys, this paper estimates the relation between individual feelings about competition and self-reported happiness. People who think competition is good are associated to the same (high) level of happiness as do people who think competition is harmful. This finding is different than and complements previous research which shows a positive or negative relation between competition and well-being. The paper improves over previous research in that it approximates competitive environment by using individual-level measures. The paper also considers how gender and cultural traits affect the relation between competition and happiness. A significant effect of culture is found.
KeywordsSubjective well-being Happiness Utility Competition Econometrics World Values Surveys
- Brandts, J., Riedl, A., & van Winden, F. (2005). Competition and well-being. IZA discussion papers 1769.Google Scholar
- Cárdenas, J. C., Chong, A., & Ñopo, H. (2008a). To what extent do Latin-Americans trust and cooperate? Field experiments on social exclusion in six Latin American countries. Working paper 635, Inter-American Development Bank, Research Department.Google Scholar
- Cárdenas, J. C., Chong, A., & Ñopo, H. (2008b). Stated social behavior and revealed actions: Evidence from six Latin American countries using representative samples. Working paper 634, Inter American Development Bank. Research Department.Google Scholar
- Di Tella, R., MacCulloch, R. J., & Oswald, A. J. (2001). Preferences over inflation and unemployment: Evidence from surveys of happiness. American Economic Review, 91(1), 335–341.Google Scholar
- Easterlin, R. (1974). Does economic growth improve the human lot? Some empirical evidence. In P. A. David & M. W. Reder (Eds.), Nations and households in economic growth: Essays in honor of Moses Abramovitz. New York: Academic Press.Google Scholar
- Fischer, J. A. (2008). Is Competition good for trust? Cross-country evidence using micro data. Economics Letters, 100(1),56–59.Google Scholar
- Frank, R. H. (2011). The Darwin economy: Liberty, competition and the common good. Princeton, NJ: Princeton University Press.Google Scholar
- Hahnel, R. (2011). Green economics: Confronting the ecological crisis. New York: M.E. Sharpe.Google Scholar
- Johnson, D., Price, M., & Van Vugt, M. (2013). Darwin’s invisible hand: Market competition, evolution and the firm. Journal of Economic Behavior and Organization, 90:(Supplement 1–13).Google Scholar
- KOF index of Globalization. (2013, May 31). KOF index of globalization. http://globalization.kof.ethz.ch.
- Kohn, A. (1992). No contest: The case against competition. Revised Edition. Boston, New York: Houghton Mifflin Company.Google Scholar
- Stigler, G. (1987). Competition. In M. Milgate, J. Eatwell (Eds.), The new Palgrave: A dictionary of economics. London: The MacMillan Press Limited. Google Scholar
- World Value Surveys. (2013). World Value Surveys. www.worldvaluesurveys.org.