BIBFRAME Work

Title

Subjective well-being, income, economic development and growth

Type

• Monograph
• Text

Contribution

• National Bureau of Economic Research (contributor)
• Stevenson, Betsey (contributor)
• Wolfers, Justin (contributor)
• Sacks, Daniel W. (aut)

Language

• eng

Classification

LCC: HB1 (Assigner: dlc) (Status: used by assigner)

Content

• text

Supplementary content

• bibliography

Summary

"We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer individuals, and establish that this relationship is similar in most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well- being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens' life satisfaction typically grows, and that those countries experiencing more rapid economic growth also tend to experience more rapid growth in life satisfaction. These results together suggest that measured subjective well-being grows hand in hand with material living standards"--National Bureau of Economic Research web site.

Authorized Access Point

Sacks, Daniel W. Subjective well-being, income, economic development and growth

Admin Metadata

• Date: 2026-09-30T17:48:09.387194+00:00
• Agent: cbc
• Status: c
• Derived from: 16594863

Admin Metadata

• Date: 2026-09-30
• Cataloger id: Unknown
• Description level: http://id.loc.gov/ontologies/bibframe-2-6-0/
• Description language: eng
• Description authentication: pcc