Happiness and Income
| Název práce v češtině: | Štěstí a příjem |
|---|---|
| Název v anglickém jazyce: | Happiness and Income |
| Klíčová slova: | štěstí, životní spokojenost, subjektivně vnímaný blahobyt, příjem, nezaměstnanost, ekonomická svoboda |
| Klíčová slova anglicky: | happiness, life satisfaction, subjective well-being, income, unemployment, economic freedom |
| Akademický rok vypsání: | 2016/2017 |
| Typ práce: | bakalářská práce |
| Jazyk práce: | angličtina |
| Ústav: | Institut ekonomických studií (23-IES) |
| Vedoucí / školitel: | doc. Ing. Tomáš Cahlík, CSc. |
| Řešitel: | skrytý - zadáno vedoucím/školitelem |
| Datum přihlášení: | 09.11.2016 |
| Datum zadání: | 09.11.2016 |
| Datum a čas obhajoby: | 18.09.2017 09:00 |
| Místo konání obhajoby: | Opletalova - Opletalova 26, O109, Opletalova - místn. č. 109 |
| Datum odevzdání elektronické podoby: | 31.07.2017 |
| Datum proběhlé obhajoby: | 18.09.2017 |
| Oponenti: | Mgr. Barbara Pertold-Gebicka, M.A., Ph.D. |
| Kontrola URKUND: | |
| Zásady pro vypracování |
| Please come in my office hours (Thursday 4-5 p.m., room 410) to discuss details. Econometric analysis will be part of the thesis. |
| Seznam odborné literatury |
| EASTERLIN, R.: Does Economic Growth Improve a Human Lot?: Some Empirical Evidence, 1974
EASTERLIN, R., McVEY, L., SWITEK, M., SAWANGFA, O., ZWEIG, J.: The happines-income paradox revisited, Proceedings of the National Academy of Sciences 2010, vol. 107 PEW RESEARCH CENTER: People in Emerging Markets Catch Up to Advanced Economies in Life Satisfaction, October 2014 GROPPER, D. M., LAWSON, R. A. and THORNE, J. T.: Economic Freedom and Happiness (July 15, 2011). Cato Journal, Vol. 31, No. 2, 2011 STEVENSON, B., WOLFERS, J.: Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox, 2008 VERME, P.: Happiness, Freedom and Control (July 3, 2009). Università Commerciale Luigi Bocconi, Econpubblica Centre for Research on the Public Sector, Working Paper No. 141 FREY, B. S., STUTZER, A. (2000): Happiness, Economy and Institutions. In: The Economic Journal, Vol.110, No. 446, pp. 918-938 DI TELLA, R., MacCULLOCH, R. and OSWALD, A. (2001): Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness. American Economic Review, 91(1), pp.335-341 WORLD VALUES SURVEY Wave 6 2010-2014 OFFICIAL AGGREGATE v.20150418. World Values Survey Association (www.worldvaluessurvey.org). Aggregate File Producer: Asep/JDS, Madrid SPAIN. WORLD VALUES SURVEY 1981-2014 LONGITUDINAL AGGREGATE v.20150418. World Values Survey Association (www.worldvaluessurvey.org). Aggregate File Producer: JDSystems, Madrid SPAIN. |
| Předběžná náplň práce v anglickém jazyce |
| Research question and motivation
The aim of this thesis is to examine the relationships between average well-being of individuals in a country and three economic factors: national income, unemployment and economic freedom. I will compare the impact of these factors for three groups of countries: advanced, emerging and developing. I will test the hypothesis that happiness is more influenced by the growth rate of GDP rather than by its actual level. Easterlin (1974) stated that, in the long term, happiness does not increase as a country’s income goes up. On the other hand, Stevenson and Wolfers (2008) find a positive link between the change in happiness and the growth rate of GDP. A study from Pew Research Center (2014) also suggests that the growth rate of GDP does matter and that there is a very significant increase of human happiness in emerging economies. Unemployment is believed to have a strong negative impact on happiness of individuals (Frey and Stutzer, 2000). In my thesis, I will try to find whether the same is true for the impact of overall unemployment rate of a country on average happiness. Research questions: Does economic growth increase human happiness? Is it true that unemployment has a negative impact on happiness? Is there a positive link between economic freedom and happiness across countries? How do these relationships differ for advanced, emerging and developing nations? Contribution Although large number of studies analysing happiness of individuals have already been made, their results differ. The motivation of this thesis is to compare the impact of income, unemployment and economic freedom on happiness in rich as well as poor countries with the use of more recent data. Especially, I would like to find a relationship between growing income and growing happiness in emerging economies. I will compare my results with the results from past studies and analyse the source of discrepancies. Methodology For the analysis, panel data will be used. The data will be collected for large amount of countries from all over the world. These countries will be divided into three groups - developed, emerging and developing. The data on happiness (subjective well-being) will be obtained from the database of World Values Surveys from the World Values Survey Association. The surveys were conducted in an increasing number of countries in six waves between the years 1981 and 2014. The data on economic freedom will come from the Index of Economic Freedom created by The Heritage Foundation. Outline 1)Introduction 2)Literature Review and Theoretical Backgroud 3)Dataset and Variables 4)Methodology 5)Analysis 6)Discussion of Results 7)Conclusion |