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Journal of Happiness Studies

, Volume 12, Issue 4, pp 667–679 | Cite as

The Impact of an Economic Boom on the Level and Distribution of Subjective Well-Being: Ireland, 1994–2001

  • David MaddenEmail author
Research Paper

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 well-being. 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.

Keywords

Subjective well-being Ordinal inequality Polarisation Social welfare 

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Copyright information

© Springer Science+Business Media B.V. 2010

Authors and Affiliations

  1. 1.School of EconomicsUniversity College DublinBelfield, Dublin 4Ireland

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