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Research on the influences of absolute income and income satisfaction on residents’ happiness in China

Shen, Ping LU (2019) EKHS51 20191
Department of Economic History
Abstract
With the “maximum utility” theory, it is reasonable to believe Chinese residents are having a happier life than ever thanks to the rapid economic growth as well as their absolute income growth in China. But here in this study I proved it wrong, what really matters is the income satisfaction on the higher probability of happiness. This study is based on the data from Chinese General Social Survey in the year of 2010, 2013 and 2015 with an ordered logit model. Hence we see the marginal effecting is increasing
also, which indicates that 1% increase in the income satisfaction will lead to a positive increasing on the probability of happiness in China.
Please use this url to cite or link to this publication:
author
Shen, Ping LU
supervisor
organization
course
EKHS51 20191
year
type
H1 - Master's Degree (One Year)
subject
keywords
income, China, income satisfaction, happiness, Easterlin Paradox
language
English
id
8989268
date added to LUP
2019-08-22 08:29:23
date last changed
2019-08-22 08:29:23
@misc{8989268,
  abstract     = {{With the “maximum utility” theory, it is reasonable to believe Chinese residents are having a happier life than ever thanks to the rapid economic growth as well as their absolute income growth in China. But here in this study I proved it wrong, what really matters is the income satisfaction on the higher probability of happiness. This study is based on the data from Chinese General Social Survey in the year of 2010, 2013 and 2015 with an ordered logit model. Hence we see the marginal effecting is increasing
also, which indicates that 1% increase in the income satisfaction will lead to a positive increasing on the probability of happiness in China.}},
  author       = {{Shen, Ping}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Research on the influences of absolute income and income satisfaction on residents’ happiness in China}},
  year         = {{2019}},
}