Unemployment And Happiness Essay

1645 words - 7 pages

Unemployment & Happiness

1. Introduction
Happiness is probably as the old topic. Most experts such as psychologists, philosophers, even economists concerned with the definition what is the happiness. However, there is not the concordant view for what is the happiness. Happiness should depend on different people. Some people believe that the happiness is the good goal in life. But, other people do not think happiness is the good goal in life because there are some other factors can affect the happiness such as trust, satisfaction with job, satisfaction with family's life, marriage, etc. Therefore, because happiness is a very elusive concept, we cannot judge people is happiness or unhappiness directly. Using the economics to judge happiness could be the easy way even though there are some imperfections, so that will follow the relationship between unemployment and happiness in this essay.
2. Incomes and Happiness
Most economics believe that unemployment is an unfortunate event for happiness; it has negative influence for happiness. According to common sense, it should be connected with income because people always think the less income may make happiness goes down. But is it true? Is more income better? According Easterlin Paradox, “high income do correlate happiness, but long term, increased income does not correlate with increased happiness”(1). “Richard Easterlin (1974) is the first economist to seriously study the data on happiness, he conclude that money does not buy happiness (2). There are two graph can show clearly, from 1945 to 1990, the real GDP per capita (in 1996 US$) had the huge increase that increase more than 5 times. For the average happiness, it should have the similar trend with income, but it was not. From 1945 to 1955, there was the same trend that income and average happiness increased, however, after 1955, there was the significant reduce until 1965. After that, America had the transitory rise. But, around 1966, the average happiness had the

significant decrease.
3.Unemployment and Happiness
Also, in the book Happiness and Economics: How the Economy and Institutions Affect Human Well-Being, there is the example to prove that income may not the necessary reason to cause the unhappiness. “In Switzerland, to give a concrete example, depending on previous and on circumstances (for example, whether one has children or is disabled), unemployment benefits make up either 70 or 80 percent of the past income. With an income level of 70 or 80 percent compared to previous paid employment, the probability that an unemployed person states that he is “completely satisfied” is 20.6% points lower due to “pure” unemployment effect. If the income level is not controlled for, the overall effect on happiness of becoming unemployed is estimated. In the sample for Switzerland this effect is minus 21.5 % point. If the “ pure” effect of being unemployed is subtracted from the overall effect, an approximation of the long-term effect due to a...

Find Another Essay On Unemployment and Happiness

Utilitarianism, Economics and Ethics Essay

1751 words - 7 pages Imagine a child living in a hot, government owned apartment in Chicago. He has no father. With his single, jobless mother he struggles to the words of the founding fathers: “We hold these truths to be self-evident, that all men are created equal; that they are endowed by their Creator with inherent and inalienable Rights; that among these, are Life, Liberty, and the pursuit of Happiness...” (The Declaration of Independence). This is one of the

A Means to an End Essay

1626 words - 7 pages flick of a hand. This, power of money, is the reason why we give importance to education; in order to find a job that pays well to buy these services, technologies and necessities. With the present conditions, finding a job can be very difficult and sometimes end up in unemployment. Without a job, apparently, one cannot find happiness. All they will receive is a very stressful life because of the many bills that needs payments, the inability to

Why We Should Leaglize

1303 words - 6 pages also help to create jobs and stimulate the economy. The benefits of legalizing marijuana far outweigh the disadvantages. By allowing people to possess and use marijuana for medicinal purposes, it will follow that society will improve as a whole because it will increase the happiness or utility of a majority of the population. John Stuart Mill and his theory on Utilitarianism defines utility as pleasure with the absence of pain (Mill, p. 6). He

Economic Progress: Without People's Happiness It Is Impossible

1696 words - 7 pages wellbeing, income changes, life satisfaction, and utility (etc.) in relation to economic growth is becoming of much importance because it helps to establish a good and representative economic model on taxation, pensions, health care, housing scheme, and the evils of unemployment and inflation. There are several ways to tackle the subject of happiness economics, we should consider the macroeconomics, and the microeconomics, and there are two ways to

Interview Essay - Jacey Hart

1155 words - 5 pages have never loved at all. The most difficult time in her life came during her junior and senior years in High School. She experienced some social challenges, but was able cope and find happiness by concentrating more on academics and less on the social aspects of school. J.C. has witnesses many significant social and political changes through the years. They include the development of social security, unemployment, health insurance, the

Brave New World

783 words - 3 pages Brave New World It seems clear that most people in the World State are happy and contented. There are no longer problems such as disease, war, poverty, or unemployment in this society. Why then, do Bernard Helmholtz and John criticise the quality of their lives? What is wrong with World State Society? 600 hundred years into the future has advanced the new World State technologically, and perhaps also in the way of life for its citizens. Some

Information Systems and Unemployment

1858 words - 8 pages a morally right action. On the other hand, act utilitarianism believes that an action is wrong to the extent that it decreases the total happiness of the affected parties and in this case it will causes a lot of upsets towards the employees and therefore it is believed that companies are responsible for their unemployment. With all these ethical theory rising up, Kantianism theory will be chosen to discussed throughout this article to respond to

How did governments deal with problems caused by the great depression? - ESC - essay

2366 words - 10 pages introduced the Emergency Act that provided $500 million for unemployment relief. He also presented the Economy act that helped save around $1 billion to finance the New Deal by cutting government spending by 25%, by cutting the pay of people who worked for the government and armed forces. He also raised more money by ending prohibition which resulted in more tax income for the government and happiness amongst the Americans. People were generally

‘Happiness, or subjective well-being (SWB) is a biopsychosocial phenomenon.’

1458 words - 6 pages In this essay I will define and discuss the concepts of ‘positive psychology’, of ‘happiness’, which is synonymous with subjective well-being (SWB); of ‘the architecture of sustainable happiness’; and the biopsychosocial model. I aim to demonstrate that SWB is a multifaceted and can only be understood by investigating biological, psychological and social factors and their interdependence to construct a holistic model. I will provide examples

minimum wage in hong kong

611 words - 2 pages consumers resulting in unnecessary inflation.Increase unemployment rate of low-skill workersUndermine the competitiveness of companies operating in Honk Kong because of the increase in labour costs.Due to minimum wage law, the situation of Hong Kong society has been improved after the implementation of law, such as decreasing number of Comprehensive Social Security Assistance (CSSA) beneficiaries, narrowing the wealth gap and enhancing social

Industrial Revolution Essay in 1st person point of view. Speaking as a member of the house of commons, I explain the horrible working conditions, and why child labor was essential for the time

567 words - 2 pages in the next life, and they would be happier then. Religion and faith was so important to these people. It was the only thing that gave them hope. People's lifestyles were horrible. They were consisted of disease, poverty, overcrowded cities, inadequate housing, and unemployment. Not much happiness was found for these people, but religion and faith in god gave them enough happiness to live.Child labor played an important role in the Industrial

Similar Essays

Creative Writing Piece Essay

982 words - 4 pages leaves his run-down home and steps into the icy streets of freezing New England; he immediately feels a sense of despair and sadness with many of his neighbors living a life of struggle because they are unemployed. Michael remembers a time when there was happiness, joy, and parents were proud of their ability to care for their kids with the money they worked so hard to earn. He started his old car, and made his way to the unemployment office. By

What Does It Take To Truly Be Happy

1102 words - 5 pages your family. You don't find a lot of places in the world where there is a whole lot of happiness where there is also poverty. We have a history of poverty in America with the low wages, unemployment, etc. Traditions can play a role with both religion and history, because traditions are usually things that you have been doing for years whether it be just you or your family. There are many different types of tradition, there are religious traditions

Societal Suicide Essay

1308 words - 6 pages individuals how ought to have everything that good life offers, are the ones to have the highest suicide rates in the world. This creates a suicide-happiness paradox, where people who are the happiest, and live in the worlds happiest places have the highest suicide rate in the world. However the unique problematic this undertakes is the matter in which society has built a stereotypic “happiness”. This Stereotypic Happiness, misleads the individual

Satisfaction From Marriage Practices In Kyrgyzstan

1597 words - 7 pages (1984) “Subjective Well-Being”, Psychological Bulletin, Volume 95, No. 3. 5. Diener, Ed (2003) “What is positive about positive psychology: The curmudgeon and Pollyanna”, Psychological Inquiry, 14. 6. Di Tella, Rafael, MacCulloch, Robert J. and Oswald, Andrew J. (2001) “Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness”, The American Economic Review, Vol. 91, No. 1. 7. Frey, Bruno S. and Stutzer, Alois (2000