The impact of an economic boom on the level and distribution of well-being : Ireland, 1994-2001

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Title: The impact of an economic boom on the level and distribution of well-being : Ireland, 1994-2001
Authors: Madden, David (David Patrick)
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Date: May-2010
Abstract: The impact of increased affluence on life satisfaction is a matter of some controversy. This paper examines the impact of the recent economic boom in Ireland upon the level and distribution of various domains of well-being. There is evidence of a substantial increase in life satisfaction in the domain of finance and of an improvement in mental wellbeing. There is a reduction in inequality and polarisation for virtually all domains of life satisfaction. A social welfare function which is increasing and concave in individual well-being would show an improvement in social welfare over the period.
Funding Details: Not applicable
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Keywords: Subjective well-beingOrdinal inequalityPolarisationSocial welfare
Subject LCSH: Well-being--Economic aspects--Ireland
Public welfare--Ireland
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Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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