Rising aspirations dampen satisfaction
Article dans une revue: It is commonly believed that education is a good thing for individuals. Yet, its correlation with subjective well-being is most often only weakly positive, or even negative, despite the many associated better individual-level outcomes. We here square the circle using novel Japanese data on happiness aspirations. If reported happiness comes from a comparison of outcomes to aspirations, then any phenomenon raising both at the same time will have only a muted effect on reported well-being. We find that around half of the happiness effect of education is cancelled out by higher aspirations, and suggest a similar dampening effect for income.
Auteur(s)
Andrew E. Clark, Akiko Kamesaka, Teruyuki Tamura
Revue
- Education Economics
Date de publication
- 2015
Mots-clés JEL
Mots-clés
- Education
- Satisfaction
- Aspirations
- Income
Pages
- 515-531
URL de la notice HAL
Version
- 1
Volume
- 23