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Education, income and happiness: panel evidence for the UK

Research output: Contribution to journalArticlepeer-review

Author(s)

Felix R. FitzRoy, Michael A. Nolan

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Abstract

Using panel data from the BHPS and its Understanding Society extension, we study life satisfaction (LS) and income over nearly two decades, for samples split by education, and age, to our knowledge for the first time. The highly educated went from lowest to highest LS, though their average income was always higher. In spite of rapid income growth up to 2008/2009, the less educated showed no rise in LS, while highly educated LS rose after the crash despite declining real income. In panel LS regressions with individual fixed effects, none of the income variables was significant for the highly educated.

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Details

Original languageEnglish
Number of pages20
JournalEmpirical Economics
VolumeFirst Online
Early online date14 Nov 2018
DOIs
Publication statusE-pub ahead of print - 14 Nov 2018

    Research areas

  • Easterlin paradox, Economic growth, Education, Income, Life satisfaction

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