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Happiness and Monetary Factors

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dc.contributor.advisor Ball, Richard J.
dc.contributor.author De, Sanjay
dc.date.accessioned 2008-06-03T15:10:13Z
dc.date.available 2008-06-03T15:10:13Z
dc.date.issued 2008
dc.identifier.uri http://hdl.handle.net/10066/1445
dc.description.abstract Previous literature studying happiness, or subjective well-being, has mainly analyzed happiness in relation to income. However, such an approach is incomplete, as assets and debt provide additional information related to an individual’s economic well-being. The purpose of this thesis is to analyze the inclusion of assets and debt in the model of one’s subjective wellbeing. In addition, interaction effects between income and assets, and income and debt, will be examined. Through the use of ordered probit regressions, we find that assets and debt must be included in order to model one’s subjective well-being. Interaction effects provide interesting insights, and these effects are discussed. However, in line with previous literature, we find that non-monetary factors are very important in explaining one’s level of happiness.
dc.description.sponsorship Haverford College. Department of Economics
dc.language.iso eng
dc.rights.uri http://creativecommons.org/licenses/by-nc/3.0/us/
dc.subject.lcsh Happiness -- Economic aspects
dc.subject.lcsh Assets (Accounting) -- Psychological aspects
dc.subject.lcsh Debt -- Psychological aspects
dc.title Happiness and Monetary Factors
dc.type Thesis
dc.rights.access Haverford users only


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