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Well-Being and the Labour Market from a Global View: It’s Not Just the Money

  • Duncan CampbellEmail author
  • Roger Magi Gomis Porquet
Chapter
Part of the International Handbooks of Quality-of-Life book series (IHQL)

Abstract

This chapter explores how significant is the non-material dimension of work to self-reported life satisfaction (or “well-being”). It attempts to do so with empirical rigour and, as such, is one of few attempts to approach life satisfaction relative to the labour market in a quantitative way. The paper begins with a European database, and then expands its analysis over a global data sample. The distinction is important, as, for example, an independent variable such as “unemployment” has meaning in a European sample, but considerably less meaning in poor, developing countries, where other measures of labour market outcomes are required. Among the paper’s findings is that income from work, on average, explains only about 50 % of self-reported life satisfaction relative to the labour market.

Keywords

Well-being Behavioural economics Labour markets Development Labour policy 

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Copyright information

© Springer Science+Business Media Dordrecht 2015

Authors and Affiliations

  1. 1.ILOGenèveSwitzerland
  2. 2.Institute for the Study of Labor (IZA)BonnGermany
  3. 3.Economics DepartmentUniversitat Pompeu FabraBarcelonaSpain

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