East Meets West: Income and Subjective Well-being

Title	East Meets West: Income and Subjective Well-being
Creator	吳文傑 Wu, Wen-Chieh;Cui, Zhen;Chen, Li-Hsueh
Contributor	財政系
Key Words	Income; Subjective well-being; Culture Difference
Date	2023-08
Date Issued	8-May-2024 10:25:26 (UTC+8)
Summary	Using data from Taiwan and the US, this study empirically investigates the potential difference of income effect on subjective well-being in the East versus the West. It finds that while relative individual income raises happiness in the US, relative family income only improves life satisfaction in Taiwan. This finding highlights different cultural values in that the East tends to emphasize the welfare of one’s family (collectivism) while the West tends to emphasize the welfare of oneself (individualism).
Relation	Empirical Economic Letters, Vol.22, No.8, pp.23-30
Type	article
DOI	https://doi.org/10.5281/zenodo.8427775

dc.contributor	財政系
dc.creator (作者)	吳文傑
dc.creator (作者)	Wu, Wen-Chieh;Cui, Zhen;Chen, Li-Hsueh
dc.date (日期)	2023-08
dc.date.accessioned	8-May-2024 10:25:26 (UTC+8)	-
dc.date.available	8-May-2024 10:25:26 (UTC+8)	-
dc.date.issued (上傳時間)	8-May-2024 10:25:26 (UTC+8)	-
dc.identifier.uri (URI)	https://nccur.lib.nccu.edu.tw/handle/140.119/151129	-
dc.description.abstract (摘要)	Using data from Taiwan and the US, this study empirically investigates the potential difference of income effect on subjective well-being in the East versus the West. It finds that while relative individual income raises happiness in the US, relative family income only improves life satisfaction in Taiwan. This finding highlights different cultural values in that the East tends to emphasize the welfare of one’s family (collectivism) while the West tends to emphasize the welfare of oneself (individualism).
dc.format.extent	102 bytes	-
dc.format.mimetype	text/html	-
dc.relation (關聯)	Empirical Economic Letters, Vol.22, No.8, pp.23-30
dc.subject (關鍵詞)	Income; Subjective well-being; Culture Difference
dc.title (題名)	East Meets West: Income and Subjective Well-being
dc.type (資料類型)	article
dc.identifier.doi (DOI)	10.5281/zenodo.8427775
dc.doi.uri (DOI)	https://doi.org/10.5281/zenodo.8427775