Article2003

Happiness, Life Satisfaction and the Role of Work: Evidence from Two Australian Surveys

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Psychological Well-being and Life Satisfaction Job Satisfaction and Organizational Behavior Employment and Welfare Studies

Abstract

This paper investigates factors that influence Australians' self-reported levels of happiness and life satisfaction with an emphasis on the role of labour market experience. The analysis is based on data from two surveys. The first, the 1995 Year 9 cohort of the Longitudinal Surveys of Australian Youth (LSAY), tracks a sample of young Australians in each year from Year 9 secondary school to age 19. The second is Wave 1 of the Household Income and Labour Dynamics in Australia Survey (HILDA). Ordered probit models are fitted to individuals' ratings of how happy they are with their lives as a whole (LSAY) and their life satisfaction (HILDA). There is some evidence of declining levels of happiness with duration of unemployment. However, the results illustrate the importance the quality of working life, rather than just having a job, and some evidence on the influence of various job attributes on wellbeing is presented.

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References

1982Self-efficacy mechanism in human agency.2002What Can Economists Learn from Happiness Research?2001Income and Happiness: Towards a Unified Theory 1978Lottery winners and accident victims: Is happiness relative?1998Work-family conflict, policies, and the job-life satisfaction relationship: A review and directions for organizational behavior-human resources research.2001Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness 2003Inequality and happiness: are Europeans and Americans different?2003Developing a National Index of Subjective Wellbeing: The Australian Unity Wellbeing Index

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2005The Happiness of Young Australians: Empirical Evidence on the Role of Labour Market Experience 2011Neighborhood Determinants of Quality of Life 2012Income–happiness paradox in Australia: Testing the theories of adaptation and social comparison 2013Heterogeneous self-employment and satisfaction in Latin America 2012The effects of occupational stress on burnout and life satisfaction: a study in accountants

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