This paper investigates ten Asian nations to consider how socio-economic values affect happiness and satisfaction. Moreover, it considers whether economic factors can strongly affect wellbeing under certain conditions. Males in Asia are said they have more opportunities to obtain higher happiness and satisfaction but it does not happen in the…

The theoretical analysis of the concepts of social capital and of social cohesion shows that social capital should be considered as a micro concept whereas social cohesion, being a broader concept than social capital, is a more appropriate concept for macro analysis. Therefore, we suggest that data on the individual level should only be used to…

Discovering whether social capital endowments in modern societies have been subjected or not to a process of gradual erosion is one of the most debated topics in recent economic literature. Inaugurated by Putnam's pioneering studies, the debate on social capital trends has been recently revived by Stevenson and Wolfers (2008) contending…

This study critically investigates the suitability of United Nations' composite indices and other related measures--among which the Gender Inequality Index just released in 2010--to capture gender inequalities in the context of "highly developed" countries, focusing on the case of Europe. Our results indicate that many of the gender gaps…

While a growing literature demonstrates the impact of socio-political factors on citizens' quality of life, scholars have paid comparatively little attention to the role political organizations such as labor unions play in this regard. We examine labor organization as a determinant of cross-national variation in life satisfaction across a sample…

One of the most frequent critiques of the HDI is that is does not take into account inequality within countries in its three dimensions. In this paper, we apply a simply approach to compute the three components and the overall HDI for quintiles of the income distribution. This allows a comparison of the level in human development of the poor with…

It is of paramount concern for economists to uncover the factors that determine economic growth and social development. In recent years a new field of investigation has come to the fore in which social capital is analysed in order to determine its effect on economic growth. Along these lines the work presented here examines the relationships that…

World social development has arrived at a critical turning point. Economically advanced nations have made significant progress toward meeting the basic needs of their populations; however, the majority of developing countries have not. Problems of rapid population growth, failing economies, famine, environmental devastation, majority-minority…

We examined factors related to attitudes toward marriage and the importance of having children in both the US and Singapore. Path analysis indicated that life dissatisfaction leads to materialism, and both of these factors lead to favorable attitudes toward marriage, which leads to greater desire for children. Further analysis indicated this model…

How widespread is the production of food in old and new member states of the European Union and what is the social meaning or logic of such activities? We show that growing food is (a) more widespread in former communist countries than in traditional market economies and (b) is predominantly a hobby or recreational activity in affluent countries,…

The increase in burglary crimes, along with the rise in the citizens' worry about burglary crimes, has brought new challenges to the criminal justice systems in developed nations over the last decade. Crime surveys often point to a substantial dissonance between the actual likelihood of burglary and the perceived likelihood of victimization. This…

The issue of what determines subjective well-being has been at the centre of a recent flurry of research in the economics field. A necessary part of this understanding is the role relative positions (economic, social, geographic) of economic agents, particularly individuals, play in life (commonly referred to in the literature as rivalry). In this…

The purpose of this paper is to suggest an improved measure of financial poverty, based on household consumption and wealth as well as income. Data come from the Household, Income and Labour Dynamics Australia (HILDA) Survey, which appears to be the first national socio-economic panel survey to provide longitudinal data on all three measures of…

The International Wellbeing Index (IWI) has been developed as a complementary measure to already well-known economic measures, and as a tool for cross-cultural comparisons. It comprises two subscales: the Personal Wellbeing Index (PWI) and the National Wellbeing Index (NWI). The aims of this paper are two-fold. Firstly, to test the psychometric…