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Domain Satisfaction, Family Relationship and Subjective Well-Being

Domain Satisfaction, Family Relationship and Subjective Well-Being. Mariano Rojas Department of Economics Universidad de las Americas, Puebla Mexico Economics of Happiness Symposium , USC, March 2006.

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Domain Satisfaction, Family Relationship and Subjective Well-Being

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  1. Domain Satisfaction, Family Relationship and Subjective Well-Being Mariano Rojas Department of Economics Universidad de las Americas, Puebla Mexico Economics of Happiness Symposium, USC, March 2006

  2. “An economist who is nothing but an economist is a danger to his neighbours. Economics is not a thing in itself; it is a study of one aspect of the life of man in society.” John R. Hicks

  3. many domains in a person’s life • economists usually deal with just one aspect • disciplines as academic constructs to approach reality • every person is in a society, in a particular context and culture

  4. General Approach • Subjective well-being: • Life satisfaction, happiness, a good life • not a transient emotional state but a judgment about one’s life • Being a human being: • being (and doing) in many concrete areas of life • Life satisfaction as the result of satisfaction in domains of life • Empirical research: Mexico and Costa Rica

  5. My Work in the Domain Arena • Defining/identifying the domains • An academic construct • There may be many possible partitions of a human life • Partition must value: • Parsimony • Meaning • Usefulness • Cummins (1996) meta-analysis:

  6. Health Well-Being Economic LIFE SATISFACTION or HAPPINESS E X P F A C T O R S Job Family Friends Personal Community Espiritual Sexual

  7. Relative importance of domain satisfaction

  8. Health Well-Being Economic LIFE SATISFACTION Job Family Friends Personal Community

  9. Explaining domain satisfaction • Income and education • Other variables

  10. Health Well-Being Economic LIFE SATISFACTION I N C O M E Job Family Friends Personal Community

  11. There is more in life than the standard of living . . . . . and there are more important things • dealing with persons rather than economic agents

  12. Health Well-Being Economic E D U C A T I O N LIFE SATISFACTION Job Family Friends Personal Community

  13. Domain-absentee persons • Persons with no close family (parter and children) • Persons with no (formal) job • Their explanatory structure of life satisfaction

  14. Health Well-Being Economic LIFE SATISFACTION Job Family Friends Personal Community

  15. Health Well-Being Economic LIFE SATISFACTION Job Family Friends Personal Community

  16. Understanding the Relationship • The Specification: • Complexity in the relationship • additive • semi-log • log-log • CES • The causality: • Bottom-up versus Top-down

  17. On going research • Portfolio theory approach • Initial endowment of resources: • Time • Personality • Inheritances, Wealth • E.Q. and I.Q. • etc. • Malleability of resources • Optimal portfolio of domain satisfaction • Cross-person heterogeneity in initial endowments

  18. On going research • Heterogeneity in the relationship across persons • In-depth study of specific domains • Economic domain • Consumption • X-inefficiency • Family domain • Relational goods • Moving towards public policy • Economic policy and domain satisfactions • Beyond economic policy: human policy

  19. THANKS

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