IDEAS home Printed from https://ideas.repec.org/a/spr/jhappi/v23y2022i3d10.1007_s10902-021-00445-7.html
   My bibliography  Save this article

The Relationship Between Age and Happiness Varies by Income

Author

Listed:
  • Dimiter Toshkov

    (Leiden University)

Abstract

The link between age and happiness has been the subject of numerous studies. It is still a matter of controversy whether the relationship is U-shaped, with happiness declining after youth before bouncing back in old age, or not. While the effect of age has been examined conditional on income and other socio-demographic variables, so far, the interactions between age and income have remained insufficiently explored. Using data from the European Social Survey, this article shows that the nature of the relationship between age and happiness varies strongly with different levels of relative income. People in the lowest decile of the income distribution experience a ‘hockey stick’: a deep decline in self-reported happiness until around age 50–55 and a small bounce back in old age. The classic U-curve is found mostly in the middle-income ranks. For people at the top of the income distribution, average happiness does not vary much with age. These results demonstrate the important role of income in moderating the relationship between age and happiness.

Suggested Citation

  • Dimiter Toshkov, 2022. "The Relationship Between Age and Happiness Varies by Income," Journal of Happiness Studies, Springer, vol. 23(3), pages 1169-1188, March.
    • Handle: RePEc:spr:jhappi:v:23:y:2022:i:3:d:10.1007_s10902-021-00445-7
    DOI: 10.1007/s10902-021-00445-7
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10902-021-00445-7
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10902-021-00445-7?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Blanchflower, David G. & Oswald, Andrew J., 2009. "The U-Shape without Controls," The Warwick Economics Research Paper Series (TWERPS) 896, University of Warwick, Department of Economics.
    2. Blanchflower, David G. & Oswald, Andrew J., 2004. "Well-being over time in Britain and the USA," Journal of Public Economics, Elsevier, vol. 88(7-8), pages 1359-1386, July.
    3. Blanchflower, David G. & Oswald, Andrew J., 2008. "Is well-being U-shaped over the life cycle?," Social Science & Medicine, Elsevier, vol. 66(8), pages 1733-1749, April.
    4. Hayo, Bernd & Seifert, Wolfgang, 2003. "Subjective economic well-being in Eastern Europe," Journal of Economic Psychology, Elsevier, vol. 24(3), pages 329-348, June.
    5. Blanchflower, David G. & Oswald, Andrew J., 2009. "The U-shape without controls: A response to Glenn," Social Science & Medicine, Elsevier, vol. 69(4), pages 486-488, August.
    6. Gerdtham, Ulf-G & Johannesson, Magnus, 2001. "The relationship between happiness, health, and socio-economic factors: results based on Swedish microdata," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 30(6), pages 553-557.
    7. Alesina, Alberto & Di Tella, Rafael & MacCulloch, Robert, 2004. "Inequality and happiness: are Europeans and Americans different?," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 2009-2042, August.
    8. Glenn, Norval, 2009. "Is the apparent U-shape of well-being over the life course a result of inappropriate use of control variables? A commentary on Blanchflower and Oswald (66: 8, 2008, 1733-1749)," Social Science & Medicine, Elsevier, vol. 69(4), pages 481-485, August.
    9. Kosei Fukuda, 2013. "A Happiness Study Using Age-Period-Cohort Framework," Journal of Happiness Studies, Springer, vol. 14(1), pages 135-153, March.
    10. Frijters, Paul & Beatton, Tony, 2012. "The mystery of the U-shaped relationship between happiness and age," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 525-542.
    11. van Praag, B. M. S. & Frijters, P. & Ferrer-i-Carbonell, A., 2003. "The anatomy of subjective well-being," Journal of Economic Behavior & Organization, Elsevier, vol. 51(1), pages 29-49, May.
    12. López Ulloa, Beatriz Fabiola & Møller, Valerie & Sousa-Poza, Alfonso, 2013. "How does subjective well-being evolve with age? A literature review," FZID Discussion Papers 72-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
    13. David G. Blanchflower, 2021. "Is happiness U-shaped everywhere? Age and subjective well-being in 145 countries," Journal of Population Economics, Springer;European Society for Population Economics, vol. 34(2), pages 575-624, April.
    14. Lelkes, Orsolya, 2006. "Tasting freedom: Happiness, religion and economic transition," Journal of Economic Behavior & Organization, Elsevier, vol. 59(2), pages 173-194, February.
    15. Seppo Laaksonen, 2018. "A Research Note: Happiness by Age is More Complex than U-Shaped," Journal of Happiness Studies, Springer, vol. 19(2), pages 471-482, February.
    16. Felix Bittmann, 2021. "Beyond the U-Shape: Mapping the Functional Form Between Age and Life Satisfaction for 81 Countries Utilizing a Cluster Procedure," Journal of Happiness Studies, Springer, vol. 22(5), pages 2343-2359, June.
    17. Easterlin, Richard A, 2001. "Income and Happiness: Towards an Unified Theory," Economic Journal, Royal Economic Society, vol. 111(473), pages 465-484, July.
    18. Sun Youn Lee & Fumio Ohtake, 2021. "How Conscious Are You of Others? Further Evidence on Relative Income and Happiness," Journal of Happiness Studies, Springer, vol. 22(8), pages 3321-3356, December.
    19. Kassenboehmer, Sonja C. & Haisken-DeNew, John P., 2012. "Heresy or enlightenment? The well-being age U-shape effect is flat," Economics Letters, Elsevier, vol. 117(1), pages 235-238.
    20. Tsui, Hsiao-Chien, 2014. "What affects happiness: Absolute income, relative income or expected income?," Journal of Policy Modeling, Elsevier, vol. 36(6), pages 994-1007.
    21. Andrew T. Jebb & Louis Tay & Ed Diener & Shigehiro Oishi, 2018. "Happiness, income satiation and turning points around the world," Nature Human Behaviour, Nature, vol. 2(1), pages 33-38, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mohammad H. Asadi & Mohammad Reza Farzanegan, 2023. "Income and Happiness in Afghanistan: Do Insecurity and Violence Matter?," MAGKS Papers on Economics 202325, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    2. Ilari Ilmakunnas & Joonas Uotinen & Maria Vaalavuo, 2024. "Association Between Age and Subjective Economic Hardship Across the Income Distribution in Europe," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 173(2), pages 523-542, June.
    3. Indera Ratna Irawati Pattinasarany, 2024. "Happiness amidst the COVID-19 pandemic in Indonesia: exploring gender, residence type, and pandemic severity," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    4. Qiuyue Zhang & Yi Wang & Yili Lin & Yu Cao & Shaoxu Qu, 2024. "From Handouts to Empowerment: Impacts of Policy Subsidies and Employment Support on the Well-Being of Disabled Veterans," Journal of Happiness Studies, Springer, vol. 25(7), pages 1-25, October.
    5. Ningning Liu & Qikang Zhong, 2023. "The impact of sports participation on individuals’ subjective well-being: the mediating role of class identity and health," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-9, December.
    6. Simla Güzel & Ayhan Görmüş, 2023. "Prediction of satisfaction indicators increasing the level of happiness: evidence from the Turkish life satisfaction survey," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(4), pages 3805-3824, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. David G. Blanchflower & Carol L. Graham, 2022. "The Mid-Life Dip in Well-Being: a Critique," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 161(1), pages 287-344, May.
    2. Seppo Laaksonen, 2018. "A Research Note: Happiness by Age is More Complex than U-Shaped," Journal of Happiness Studies, Springer, vol. 19(2), pages 471-482, February.
    3. Frijters, Paul & Beatton, Tony, 2012. "The mystery of the U-shaped relationship between happiness and age," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 525-542.
    4. John F. Helliwell & Haifang Huang & Max B. Norton & Shun Wang, 2019. "Happiness at Different Ages: The Social Context Matters," Springer Books, in: Mariano Rojas (ed.), The Economics of Happiness, chapter 0, pages 455-481, Springer.
    5. Biermann, Philipp & Bitzer, Jürgen & Gören, Erkan, 2022. "The relationship between age and subjective well-being: Estimating within and between effects simultaneously," The Journal of the Economics of Ageing, Elsevier, vol. 21(C).
    6. Junji Kageyama & Kazuma Sato, 2021. "Explaining the U-shaped life satisfaction: dissatisfaction as a driver of behavior," Journal of Bioeconomics, Springer, vol. 23(2), pages 179-202, July.
    7. David G. Blanchflower, 2021. "Is happiness U-shaped everywhere? Age and subjective well-being in 145 countries," Journal of Population Economics, Springer;European Society for Population Economics, vol. 34(2), pages 575-624, April.
    8. Christoph K. Becker & Stefan T. Trautmann, 2022. "Does Happiness Increase in Old Age? Longitudinal Evidence from 20 European Countries," Journal of Happiness Studies, Springer, vol. 23(7), pages 3625-3654, October.
    9. David Bartram, 2021. "Is happiness u-shaped in age everywhere? A methodological reconsideration for Europe," Papers 2108.13671, arXiv.org, revised Feb 2022.
    10. Blanchflower, David G. & Oswald, Andrew J., 2016. "Antidepressants and age: A new form of evidence for U-shaped well-being through life," Journal of Economic Behavior & Organization, Elsevier, vol. 127(C), pages 46-58.
    11. Gabriela Flores & Michael Ingenhaag & Jürgen Maurer, 2013. "Healthy, wealthy, wise, and happy? An exploratory analysis of the interplay between aging and subjective well-being in low and middle income countries," Cahiers de Recherches Economiques du Département d'économie 13.13, Université de Lausanne, Faculté des HEC, Département d’économie.
    12. Piper, Alan T., 2014. "Sliding down the U-shape? An investigation of the age-well-being relationship, with a focus on young adults," MPRA Paper 55819, University Library of Munich, Germany.
    13. David G. Blanchflower, 2020. "Is Happiness U-shaped Everywhere? Age and Subjective Well-being in 132 Countries," NBER Working Papers 26641, National Bureau of Economic Research, Inc.
    14. David G. Blanchflower & Carol L. Graham, 2020. "The Mid-Life Dip in Well-Being: Economists (Who Find It) Versus Psychologists (Who Don't)!," NBER Working Papers 26888, National Bureau of Economic Research, Inc.
    15. David G. Blanchflower & Andrew J. Oswald, 2019. "Do Humans Suffer a Psychological Low in Midlife? Two Approaches (With and Without Controls) in Seven Data Sets," Springer Books, in: Mariano Rojas (ed.), The Economics of Happiness, chapter 0, pages 439-453, Springer.
    16. Van Landeghem, Bert, 2012. "A test for the convexity of human well-being over the life cycle: Longitudinal evidence from a 20-year panel," Journal of Economic Behavior & Organization, Elsevier, vol. 81(2), pages 571-582.
    17. Popova, Olga, 2014. "Can religion insure against aggregate shocks to happiness? The case of transition countries," Journal of Comparative Economics, Elsevier, vol. 42(3), pages 804-818.
    18. Leonardo Becchetti & Alessandra Pelloni, 2013. "What are we learning from the life satisfaction literature?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(2), pages 113-155, June.
    19. Piper, Alan, 2023. "Age and Happiness," MPRA Paper 117556, University Library of Munich, Germany.
    20. Clémence Kieny & Gabriela Flores & Michael Ingenhaag & Jürgen Maurer, 2022. "Healthy, Wealthy, Wise, and Happy? Assessing Age Differences in Evaluative and Emotional Well-Being Among Mature Adults from Five Low- and Middle-Income Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 160(2), pages 1019-1050, April.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:jhappi:v:23:y:2022:i:3:d:10.1007_s10902-021-00445-7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.