Happiness and Productivity of Labor in Iran: Econometric Method and Systems Dynamic Approaches

Subject Areas : Bi-quarterly Journal of development economics and planning

Nematollah Falihi-Pirbasti ¹ , S. Rahbari-Nezhad ²

1 - Islamic Azad University, Central-Tehran Branch
2 - Economic Specialist

Received: 2016-03-01 Accepted : 2016-03-01 Published : 2012-08-22

Keywords: Iran, happiness, Labor Productivity, job security,

Abstract :

Thehappiness economic subject, like human capital and environmental economics, is very important from micro and macroeconomic perspectives, and effective on economic growth and productivity. The goals of this research are the study of labor happiness economics and factors affecting happiness economic index. Here the happiness is divided into the goods and intellectual happiness. The goods happiness was studied using literature, economic, and system dynamic model approaches whereas, intellectual happiness was analyzed using data collected by questionnaires. The effect of happiness on economic growth was analyzed, as well. In the system dynamic approach, such variables as pollution and householdexpenditure were usedan different general equilibrium scenarios were considered. The results showed that increase in the happiness caused increase in productivity of labor. Health, job satisfaction and feelings of job security caused positive impact on happiness feeling

References:

-Bartolini, Stefano; Bilancini, Ennio; Pugno, Maurizio; Did the Decline in Social Capital Depress Americans’ Happiness?, 2008

 

-Bartolini, Stefano; Why are people so unhappy? Why do they strive so hard for money?

 

-Bruni, Luigino; Luigi, Pier; Economic and Happiness: a new field with a long history,2007

 

-Bruni, Luigino; The technology of happiness and the tradition of economic science

 

-Bruni, Luigino; Porta,Pier Luigi; Handbook on the economics of Happiness; Edward Elgar Publishing Limited,2007

 

-Chekola, Mark; The life plan view of happiness and the paradoxes of happiness

 

-Cogoy,Mario; Enjoyment of life, the structure of time and economic dynamics

De la Garza, Adri´an; Mastrobuoni, Giovanni; Sannabe, Atsushi; The Relative Income Hypothesis With and Without Self-reported Reference Wages, Journal of Economic Behavior & Organization

 

-DeLeire, Thomas; Kalil, Ariel; Does Consumption Buy Happiness? Evidence from the United States, Paper to be presented at the Conference on Happiness and Relational Goods, June 11-13, 2009 in Venice, Italy

 

-Diener,  Ed; Seligman,Martin; Beyond Money:  Toward an Economy of   Well-Being,  University of Pennsylvania

 

-Di Tella, Rafael; MacCulloch, Robert; Oswald, Andrew; THE MACROECONOMICS OF HAPPINESS, WARWICK ECONOMIC RESEARCH PAPERS, September 17, 2001

 

-Derakopoulos, Stravos; Karayinnis,Anastasios; Human needs hierarchy and happiness: evidence from the late pre-classical and classical economics

 

-Easterlin, R. (2001),”Income and happiness: towards a unified theory”, Economic Journal, 111, 465-84

 

-Frey, Bruno; Stutzer, Alois; Happiness, Economy and Institutions, The Economic Journal, 110 (466, October), 2000, pp. 918-938

 

-Garcia, Jose de jesus; Christa Fuentes, Nicole ;Borrego,Salvador; Gutierrez,Monica; Tapia,Alejandro; Values and happiness in Mexico: the case of the metropolitan city of Monterrey

 

-Guillen Royo,Monica; Well-being and consumption: towards a theoretical approach based on human needs satisfaction

 

-Hills, Peter; Argyle, Michael; The Oxford Happiness Questionnaire: a compact scale for the measurement of psychological well-being, The Oxford Happiness Project, School of Psychology, Oxford Brookes University, Headington Campus,Gipsy Lane, Oxford OX3 0BP, UK, 9 December 2001

 

-J. Oswald, Andrew; Proto, Eugenio; Sgroi, Daniel; Happiness and Productivity, Department of Economics, University of Warwick, 24 March 2009

Menteşoğlu, Gülçin; Vendrik, Maarten; Social Reference and Adaptation Effects on Happiness: A Dynamic Approach, Isola di San Servolo, Venezia, June 11-13, 2009

 

-Ng, Y.K.(1997),”A case for happiness, cardinalism, and interpersonal comparability”, Economic Journal,107,1848-58

 

-Oswald, A.J. (1997), “Happiness and economic performance”, Economic Journal, 107, November, 1815-31

 

-Powdthavee, Nattavudh; Economics of Happiness: A Review of Literature and Applications, Chulalongkorn Journal of Economics, 13th March, 2007

 

-Powdthavee, Nattavudh; Happiness and the standard of living: the case of South Africa

 

-Pugno, Maurizio;The subjective well-being paradox: a suggested solution based on relational goods

 

-Ratzel,Steffen;Knabe,Andreas; Income, Happiness, and the Disutility of Labour,Faculty of Economic and Management Magdeburg,2009

 

-Ruut, Veenhoven; Measures of Gross National Happiness, university Rotterdam, 2007

 

-Schmalz, Martin; Ackbarow, Theodor; Kapmeier, Florian; Happiness -Cracking the Equilibrium State of People’s Well-Being, Princeton University, Economics Department, Princeton,USA, Version 2.3 – August 17th, 2007

 

-Stutzer, Alois; The Role of Income Aspirations in Individual Happiness, Journal of Economic Behavior and Organization, April 10, 2003

 

-TIAN, Guoqiang; YANG, Liyan; How are Income and Non-Income Factors Dierent in Promoting Happiness? An Answer to the Easterlin Paradox, Journal of Economic Literature Classification Number: D61, D62, H23