Does wealth bring happiness?

dc.contributor.authorAltın, Hakan
dc.date.accessioned2024-04-18T06:00:11Z
dc.date.available2024-04-18T06:00:11Z
dc.date.issued2023
dc.departmentİktisadi ve İdari Bilimler Fakültesi
dc.description.abstractThe main purpose of this study is to determine the relationship between wealth and happiness. The study, which uses the 2023 World Happiness Report, uses data from 74 countries. For this purpose, three static and two dynamic models are estimated in a panel data environment. According to all three models, wealth is a factor of happiness. However, happiness cannot be explained by a single wealth factor. Wealth is the fourth-factor explaining happiness. It is seen that the effect of wealth on happiness is limited. There are other important factors affecting happiness. What is certain is that there is a relationship between wealth and happiness. The strength of this relationship is different for different countries and different cultures. In addition, different benchmarks and different research methods lead to different results. The first task for governments, companies and individuals is identifying the factors explaining happiness. The second is to develop policies related to these factors. The third is to achieve social consensus. In conclusion, there is a need for more research on the relationship between wealth and happiness. Existing studies provide important information to the parties involved in understanding this relationship.
dc.identifier.doi10.1080/23322039.2023.2268804
dc.identifier.issn2332-2039
dc.identifier.issue2en_US
dc.identifier.scopusqualityQ2
dc.identifier.urihttps:/dx.doi.org10.1080/23322039.2023.2268804
dc.identifier.urihttps://hdl.handle.net/20.500.12451/11638
dc.identifier.volume11en_US
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherCogent OA
dc.relation.ispartofCogent Economics and Finance
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectFreedom to Make life Choices
dc.subjectGenerosity
dc.subjectHealthy Life Expectancy at Birth
dc.subjectLife Ladder
dc.titleDoes wealth bring happiness?
dc.typeArticle

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