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Standard of living and happiness, varies - Coggle Diagram
Standard of living and happiness
standard of living
related to well-being
indicator
real income
well-being is reflected in a person's consumption level
the standard of living is related to the access to resources
comprise of both cash and non-cash income
it's a determinant of happiness
developed and developing countries are always looking for the well-being of their populaion
because of that, poverty have to be studied
causes
effects
it can get worse or better according with the government changes and decisions
pevalence
the inequality also have to be studied
the standard of living of people is very different
depending on their economic conditions
standards of living are changing over time
happiness
in 1970
people started to study about the relation between well-being and happiness
it is possible to notice that people's well-being improves as your income improves
rich people
more satisfied
poor people
less satisfied
discoveries
Veenhoven
discovered that
people with higher income are more happy or have higher subjective well-being
when achieving a certain income
income doesn't affect your well-being so much
Clark and Oswald
discovered that
unemployed people don't have good levels of well-being
Oswald
discovered that
in developed nations
improvements in the economy just bring a little bit of happiness
Di Tella
discovered that
the people's levels of happiness are higher
when the inflation and unemployment are low
unemployment
affected happiness more than inflation
conclusions about it
in several industrialized countries
when the income increase so much
people subjective well-being or happiness don't increase or fall
happiness is most impacted by relative income
income only affects well-being until a level
more adaptable people
don't have their happiness being much impacted by the economy
varies
according to
standards that change over the time
person's expectations
social comparisons