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The impact of an economic boom on the level and distribution of well-being : Ireland, 1994-2001
Author(s)
Date Issued
2010-05
Date Available
2010-12-10T16:46:26Z
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.
Sponsorship
Not applicable
Type of Material
Working Paper
Publisher
University College Dublin. School of Economics
Series
UCD Centre for Economic Research Working Paper Series
WP 10 15
Classification
I12
I31
I32
Subject – LCSH
Well-being--Economic aspects--Ireland
Wealth--Ireland
Equality--Ireland
Public welfare--Ireland
Web versions
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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