Determinants of happiness: Environmental degradation and attachment to nature

Tetsuya Tsurumi, Kei Kuramashi, Shunsuke Managi

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Introduction Most countries have set economic growth as one of their highest priority objectives. Survey evidence, however, suggests that the relationship between income (GDP per capita) and the level of individual self-reported happiness (subjective well-being index) is not linear. Figure 5.1 presents a simple scatter plot of income and happiness for 94 countries from 1952 to 2004. Although there is an increasing trend between happiness and income, we find that after a certain level of income, the marginal utility of income decreases.

Original languageEnglish
Title of host publicationThe Economics of Biodiversity and Ecosystem Services
PublisherTaylor and Francis
Pages62-86
Number of pages25
ISBN (Electronic)9781136224485
ISBN (Print)9780203097878
DOIs
Publication statusPublished - Dec 20 2012
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

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