Income, Aspirations and the Hedonic Treadmill in a Poor Society.
A specially designed household survey for rural China is used to analyse the determinants of aspirations for income, proxied by reported minimum income need, and the determinants of subjective well-being, both satisfaction with life and satisfaction with income. It is found that aspiration income is...
| Main Authors: | , |
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| פורמט: | Working paper |
| שפה: | English |
| יצא לאור: |
Department of Economics (University of Oxford)
2009
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| _version_ | 1826300116832616448 |
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| author | Knight, J Gunatilaka, R |
| author_facet | Knight, J Gunatilaka, R |
| author_sort | Knight, J |
| collection | OXFORD |
| description | A specially designed household survey for rural China is used to analyse the determinants of aspirations for income, proxied by reported minimum income need, and the determinants of subjective well-being, both satisfaction with life and satisfaction with income. It is found that aspiration income is a positive function of actual income and reference income, and that subjective well-being is raised by actual income but lowered by aspiration income. These findings suggests the existence of a partial hedonic treadmill, and can help to explain why subjective well-being in China appears not to have risen despite rapid economic growth. |
| first_indexed | 2024-03-07T05:12:16Z |
| format | Working paper |
| id | oxford-uuid:dbf68e4e-fff8-4a7f-b0b6-b489343446e3 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T05:12:16Z |
| publishDate | 2009 |
| publisher | Department of Economics (University of Oxford) |
| record_format | dspace |
| spelling | oxford-uuid:dbf68e4e-fff8-4a7f-b0b6-b489343446e32022-03-27T09:14:23ZIncome, Aspirations and the Hedonic Treadmill in a Poor Society.Working paperhttp://purl.org/coar/resource_type/c_8042uuid:dbf68e4e-fff8-4a7f-b0b6-b489343446e3EnglishDepartment of Economics - ePrintsDepartment of Economics (University of Oxford)2009Knight, JGunatilaka, RA specially designed household survey for rural China is used to analyse the determinants of aspirations for income, proxied by reported minimum income need, and the determinants of subjective well-being, both satisfaction with life and satisfaction with income. It is found that aspiration income is a positive function of actual income and reference income, and that subjective well-being is raised by actual income but lowered by aspiration income. These findings suggests the existence of a partial hedonic treadmill, and can help to explain why subjective well-being in China appears not to have risen despite rapid economic growth. |
| spellingShingle | Knight, J Gunatilaka, R Income, Aspirations and the Hedonic Treadmill in a Poor Society. |
| title | Income, Aspirations and the Hedonic Treadmill in a Poor Society. |
| title_full | Income, Aspirations and the Hedonic Treadmill in a Poor Society. |
| title_fullStr | Income, Aspirations and the Hedonic Treadmill in a Poor Society. |
| title_full_unstemmed | Income, Aspirations and the Hedonic Treadmill in a Poor Society. |
| title_short | Income, Aspirations and the Hedonic Treadmill in a Poor Society. |
| title_sort | income aspirations and the hedonic treadmill in a poor society |
| work_keys_str_mv | AT knightj incomeaspirationsandthehedonictreadmillinapoorsociety AT gunatilakar incomeaspirationsandthehedonictreadmillinapoorsociety |