Advertisement

Income, Sex, Pills and Relationships: An Empirical Study for Argentina

  • Pablo SchiaffinoEmail author
  • Martin Tetaz
Part of the International Handbooks of Quality-of-Life book series (IHQL)

Abstract

We use 28 years of Argentina’s life satisfaction (LS) and happiness (HA) data to test the Easterlin Paradox and find out the actual determinants of happiness. Argentineans are happier now than in 1984, and the City of Buenos Aires leads in present rankings of happiness in Argentina. In the cross-section analysis, LS correlates with the satisfaction about the economic situation of households, but the satisfaction with family and time spent with loved ones have a higher explanatory power. When it comes to HA, high social class members do not always buy a ticket, but low class makes people sadder. Nontraditional variables – pills for mental stress and sex – were also studied.

Keywords

Argentina Economic development Happiness Well-being Life satisfaction Determinants of life satisfaction Sex Pills Argentina’s democracy Easterlin paradox 

Bibliography

  1. Aknin, B., Dunn, W., & Norton, I. (2012). Happiness runs in a circular motion: Evidence for a positive feedback loop between prosocial spending and happiness. Journal of Happiness Studies, 13(2), 347–355.CrossRefGoogle Scholar
  2. Blanchflower, G., & Oswald, J. (2004a). Money, sex and happiness: An empirical study. The Scandinavian Journal of Economics, 106(3), 393–415.CrossRefGoogle Scholar
  3. Blanchflower, G., & Oswald, J. (2004b). Well-being over time in Britain and the USA. Journal of Public Economics, 88(7), 1359–1386.CrossRefGoogle Scholar
  4. Boyce, J., Wood, M., & Powdthavee, N. (2013). Is personality fixed? Personality changes as much as “Variable” economic factors and more strongly predicts changes to life satisfaction. Social Indicators Research, 111(1), 287–305.CrossRefGoogle Scholar
  5. Clark, A.E., Frijters, P., & Shields, M.A. (2008). Relative income, happiness, and utility: An explanation for the Easterlin paradox and other puzzles. Journal of Economic Literature, 46(1), 95–144.Google Scholar
  6. Cruces, G., Ham, A., Tetaz, M. (2008). Quality of life in Buenos Aires neighborhoods: Hedonic price regressions and the life satisfaction approach. Centro de Estudios Distributivos, Laborales y Sociales. Universidad Nacional de La Plata, Ciudad de La Plata, Argentina.Google Scholar
  7. Di Tella, R., & MacCulloch, R. (2008). Gross national happiness as an answer to the Easterlin paradox? Journal of Development Economics, 86(1), 22–42.CrossRefGoogle Scholar
  8. Easterlin, A. (1974). Does economic growth improve the human lot? Some empirical evidence. Nations and Households in Economic Growth, 89, 89–125.Google Scholar
  9. Easterlin, A., & Plagnol, C. (2008). Life satisfaction and economic conditions in East and West Germany pre- and post-unification. Journal of Economic Behavior & Organization, 68(3), 433–444.CrossRefGoogle Scholar
  10. Frey, S., & Stutzer, A. (2002). What can economists learn from happiness research? Journal of Economic Literature, 40(2), 402–435.CrossRefGoogle Scholar
  11. Gerchunoff, P., & Llach, L. (2003). El Ciclo De La Ilusión y El Desencanto. Un siglo de políticas económicas argentinas. Buenos Aires: Editorial Ariel.Google Scholar
  12. Giarrizzo, V. (2008). Economía y Felicidad: ¿Existe Vínculo?. Unpublished.Google Scholar
  13. Graham, C. (2008). Happiness and health: Lessons—and questions—for public policy. Health Affairs, 27(1), 72–87.CrossRefGoogle Scholar
  14. Kahneman, D. (2011). Thinking, fast and slow. Macmillan.Google Scholar
  15. Kahneman, D., Krueger, A., Schkade, D., Schwarz, N., & Stone, A. (2003). Measuring the quality of experience. Princeton University.Google Scholar
  16. Powdthavee, N. (2008). Economics of happiness: A review of literature and applications. Chulalongkorn Journal of Economics, 19(1), 51–73.Google Scholar
  17. Powdthavee, N. (2010). How much does money really matter? Estimating the causal effects of income on happiness. Empirical Economics, 39(1), 77–92.CrossRefGoogle Scholar
  18. Ravallion, M., & Lokshin, M. (2002). Self-rated economic welfare in Russia. European Economic Review, 46(8), 1453–1473.CrossRefGoogle Scholar
  19. Stevenson, B., & Wolfers, J. (2008). Economic growth and subjective well-being: Reassessing the Easterlin Paradox (No. w14282). National Bureau of Economic Research.Google Scholar
  20. Van Praag, B., & Baarsma, E. (2005). Using happiness surveys to value intangibles: The case of airport noise. The Economic Journal, 115(500), 224–246.CrossRefGoogle Scholar
  21. Van Praag, B., & Ferrer-i-Carbonell, A. (2008). Happiness quantified: A satisfaction calculus approach. Oxford University Press.Google Scholar
  22. Veenhoven, R. (1994). World database of happiness: Correlates of happiness: 7837 findings from 603 studies in 69 nations 1911–1994, vols. 1–3. Erasmus University Rotterdam. Social Indicators Research, 79, 421–436.CrossRefGoogle Scholar
  23. Veenhoven, R., & Hagerty, M. (2006). Rising happiness in nations 1946–2004: A reply to Easterlin. Social Indicators Research, 79(3), 421–436.CrossRefGoogle Scholar
  24. World Values Survey 2005 Official Data File V.20090621, 2009. World values survey association (www.worldvaluessurvey.org). Aggregate File Producer: ASEP/JDS, Madrid.

Copyright information

© Springer Science+Business Media Dordrecht 2016

Authors and Affiliations

  1. 1.Facultad de Ciencias EconomicasUniversidad de PalermoBuenos AiresArgentina
  2. 2.Departamento de EconomiaUniversidad Torcuato Di TellaBuenos AiresArgentina
  3. 3.CEDLASUniverisidad Nacional de la PlataBuenos AiresArgentina

Personalised recommendations