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Does wealth equate to happiness? an 11-year panel data analysis exploring socio-economic indicators and social media metrics

文献类型：期刊论文

作者Huang, Feng3,4; Ding, Huimin2; Han, Nuo1,3,4; Li, Fumeng3,4; Zhu, Tingshao3,4
刊名PLOS ONE
出版日期2024-04-10
卷号19期号:4页码:19
ISSN号1932-6203
DOI10.1371/journal.pone.0301206
通讯作者Zhu, Tingshao(tszhu@psych.ac.cn)
英文摘要The Easterlin paradox questions the link between economic growth and national well-being, emphasizing the necessity to explore the impact of economic elasticity, income inequality, and their temporal and spatial heterogeneity on subjective happiness. Despite the importance of these factors, few studies have examined them together, thus ongoing debates about the impact of economics on well-being persist. To fill this gap, our analysis utilizes 11 years of panel data from 31 provinces in China, integrating macroeconomic indicators and social media content to reassess the Easterlin paradox. We use GDP per capita and the Gini coefficient as proxies for economic growth and income inequality, respectively, to study their effects on the subjective well-being expressed by citizens on social media in mainland China. Our approach combines machine learning and fixed effects models to evaluate these relationships. Key findings include: (1) In temporal relationships, a 46.70% increase in GDP per capita implies a 0.38 increase in subjective well-being, while a 0.09 increase in the Gini coefficient means a 1.47 decrease in subjective well-being. (2) In spatial relationships, for every 46.70% increase in GDP per capita, subjective well-being rises by 0.51; however, this relationship is buffered by unfair distribution, and GDP per capita no longer significantly affects subjective well-being when the Gini index exceeds 0.609. This study makes a synthetic contribution to the debate on the Easterlin paradox, indicating that economic growth can enhance well-being if income inequality is kept below a certain level. Although these results are theoretically enlightening for the relationship between economics and national well-being globally, this study's sample comes from mainland China. Due to differences in cultural, economic, and political factors, further research is suggested to explore these dynamics globally.
收录类别SCI
WOS关键词ECONOMIC-GROWTH ; LIFE SATISFACTION ; EASTERLIN PARADOX ; INEQUALITY ; INCREASE ; INCOME
资助项目Scientific Foundation of Institute of Psychology, Chinese Academy of Sciences[E2CX4735YZ]
WOS研究方向Science & Technology - Other Topics
语种英语
WOS记录号WOS:001202876800071
出版者PUBLIC LIBRARY SCIENCE
资助机构Scientific Foundation of Institute of Psychology, Chinese Academy of Sciences
源URL[http://ir.psych.ac.cn/handle/311026/47672]  
专题心理研究所_中国科学院行为科学重点实验室
通讯作者Zhu, Tingshao
作者单位1.City Univ Hong Kong, Sch Data Sci, Hong Kong, Peoples R China
2.Renmin Univ China, Sch Educ, Beijing, Peoples R China
3.Univ Chinese Acad Sci, Dept Psychol, Beijing, Peoples R China
4.Chinese Acad Sci, Inst Psychol, CAS Key Lab Behav Sci, Beijing, Peoples R China
推荐引用方式
GB/T 7714		 Huang, Feng,Ding, Huimin,Han, Nuo,et al. Does wealth equate to happiness? an 11-year panel data analysis exploring socio-economic indicators and social media metrics[J]. PLOS ONE,2024,19(4):19.
APA Huang, Feng,Ding, Huimin,Han, Nuo,Li, Fumeng,&Zhu, Tingshao.(2024).Does wealth equate to happiness? an 11-year panel data analysis exploring socio-economic indicators and social media metrics.PLOS ONE,19(4),19.
MLA Huang, Feng,et al."Does wealth equate to happiness? an 11-year panel data analysis exploring socio-economic indicators and social media metrics".PLOS ONE 19.4(2024):19.

入库方式： OAI收割

来源：心理研究所

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