Education, income and happiness : panel evidence for the UK / Felix FitzRoy (University of St Andrews and IZA), Michael Nolan (University of Hull) ; IZA Institute of Labor Economics
VerfasserFitzRoy, Felix R. In der Gemeinsamen Normdatei der DNB nachschlagen ; Nolan, Michael A. In der Gemeinsamen Normdatei der DNB nachschlagen
KörperschaftForschungsinstitut zur Zukunft der Arbeit In der Gemeinsamen Normdatei der DNB nachschlagen
ErschienenBonn, Germany : IZA Institute of Labor Economics, November 2017
Elektronische Ressource
Umfang1 Online-Ressource (30 Seiten) : Diagramme
SerieDiscussion paper ; no. 11185
URNurn:nbn:de:hbz:5:2-144165 Persistent Identifier (URN)
 Das Dokument ist frei verfügbar.
Education, income and happiness [0.67 mb]
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Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age - to our knowledge for the first time. The highly educated went from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008/09, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In panel LS regressions with individual fixed effects, none of the income variables was significant for the highly educated.