Is There a Link Between Life Satisfaction and Education? A Statistical Analysis

Mark Toth
9783346105653

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Seminar paper from the year 2019 in the subject Economics - Statistics and Methods, grade: 1,0, Erasmus University Rotterdam, course: Quality of Life and Happiness Economics, language: English, abstract: This works examines whether or not a statistically relevant link between life satisfaction and education can be assumed. As Immanuel Kant proposed with "sapere aude", creating the basis for the Age of Enlightenment, one should "dare to know" . With increasing literacy and education levels all around the globe ever since, this has become a significantly easier task for human beings to pursue. In developed countries, almost all adults have acquired some form of education in the course of their lives. However, current research is still uncertain about what the returns of education are in terms of quality of life and happiness, arguably the goals which are ultimately pursued by everyone and are therefore essential to be included in the literature about education. The link between education and life satisfaction could go through various channels, direct or indirect such as career and income. The author addresses this relationship in an empirical analysis with evidence from a cross-sectional micro-dataset from the Dutch LISS (Longitudinal Internet Studies for the Social Sciences) Panel by investigating the effect of education level on life satisfaction represented by the score on the Satisfaction With Life Scale.This score corresponds to evaluative well-being, a measure of how people rate their satisfaction with life as a whole, covering only one of three components of subjective well-being, the other two being hedonic and eudaimonic well-being. He analyses whether the effects of education on life satisfaction differ by gender and if they are mediated by income and children. The results suggest that better education has a positive significant effect on life satisfaction, even when accounting for possible confounding factors such as income or marital status, although
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ISBN:
9783346105653
Dimensions (WxH):
5.83 x 8.27
Publisher:
Bod Third Party Titles
Publication Date:
December 30, 2019

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