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Developments in the Measurement of Subjective Well-Being and Poverty: An Economic Perspective

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  • Khadija Shams

    (University of Glasgow
    Shaheed Benazir Bhutto Women University)

Abstract

Drawing on unique survey data for rural Pakistan, we estimate a happiness model to explore to what extent an economic perspective adds to our understanding of subjective wellbeing poverty. The data elicits information on subjective well-being in general and particularly on financial well-being in terms of household’s happiness with the current income or expenditure. We find that the well-being approach closely depicts the idea of well-being poverty in terms of the level education, health and income which matter significantly. Moreover unlike developed nations this study suggests a positive impact of children on well-being and poverty due to their productive contribution. As studies employing good data from developing countries are rare, this paper can potentially make a good contribution to the existing happiness literature, with special reference to Pakistan. Secondly, it brings new and strong empirical evidence to alternative approaches to subjective well-being poverty.

Suggested Citation

  • Khadija Shams, 2016. "Developments in the Measurement of Subjective Well-Being and Poverty: An Economic Perspective," Journal of Happiness Studies, Springer, vol. 17(6), pages 2213-2236, December.
    • Handle: RePEc:spr:jhappi:v:17:y:2016:i:6:d:10.1007_s10902-015-9691-z
    DOI: 10.1007/s10902-015-9691-z
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    Cited by:

    1. Khadija Shams & Alexander Kadow, 2023. "COVID-19 and Subjective Well-Being in Urban Pakistan in the Beginning of the Pandemic: A Socio-Economic Analysis," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 18(1), pages 93-113, February.
    2. Khadija Shams & Alexander Kadow, 2019. "The Relationship Between Subjective Well-Being and Work–Life Balance Among Labourers in Pakistan," Journal of Family and Economic Issues, Springer, vol. 40(4), pages 681-690, December.
    3. Grace Carolina Guevara-Rosero & Andrea Gabriela Bonilla-Bolaños, 2021. "Non-pecuniary Effects of Migration Inflows to Ecuador: Is Residents’ Life Satisfaction Affected?," Journal of International Migration and Integration, Springer, vol. 22(4), pages 1243-1270, December.
    4. Nicola Pontarollo & Mercy Orellana & Joselin Segovia, 2020. "The Determinants of Subjective Well-Being in a Developing Country: The Ecuadorian Case," Journal of Happiness Studies, Springer, vol. 21(8), pages 3007-3035, December.
    5. Joe Devine & Timothy Hinks & Arif Naveed, 2019. "Happiness in Bangladesh: The Role of Religion and Connectedness," Journal of Happiness Studies, Springer, vol. 20(2), pages 351-371, February.
    6. Xiaobo Xu & Jiali Fang & Martin Young & Liping Zou, 2024. "The impact of post‐retirement financial market participation on retirement income sufficiency in Australia," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 903-939, March.

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    More about this item

    Keywords

    Subjective well-being; Poverty evaluation; Socio-economic indicators; Economic perspective;
    All these keywords.

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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