Search Results

Source: Journal of Neuroscience, Psychology, and Economics
Resulting in 1 citation.
1. Mohanty, Madhu Sudan
What Determines Happiness? Income or Attitude: Evidence from the U.S. Longitudinal Data
Journal of Neuroscience, Psychology, and Economics 7,2 (June 2014): 80-102.
Also: http://psycnet.apa.org/index.cfm?fa=search.searchResults&id=629D6E8D-F7EE-3F6E-E295-C53651D262E7
Cohort(s): NLSY79
Publisher: American Psychological Association (APA)
Keyword(s): Attitudes; Happiness (see Positive Affect/Optimism); Income

Using the data from the National Longitudinal Survey of Youth, a longitudinal data set from the United States, this study demonstrates that the covariates of happiness differ to some extent between matured adults and young-adults and that the relationship of personal happiness with positive attitude is stronger than that with any other covariate of happiness known in the literature including income. These results remain robust to changes in estimation techniques in response to varying assumptions on the attitude variable. Assuming endogeneity of the attitude variable, the study estimates happiness and positive attitude equations simultaneously by a two-stage procedure and obtains interesting new results. These results indicate that positive attitude is not only a covariate of happiness, but also a determinant of happiness, especially in the sample of matured adults. To increase the personal happiness therefore the study recommends policies designed to help individuals not only increase their incomes, but also improve their attitudes.
(PsycINFO Database Record © 2014 APA, all rights reserved)
Bibliography Citation
Mohanty, Madhu Sudan. "What Determines Happiness? Income or Attitude: Evidence from the U.S. Longitudinal Data." Journal of Neuroscience, Psychology, and Economics 7,2 (June 2014): 80-102.