Sometimes Your Best Just Ain’t Good Enough: The Worldwide Evidence on Subjective Well-being Efficiency

Nikolova, Milena; Popova, Olga

doi:10.1515/bejeap-2019-0396

Cited by 12 publications

(9 citation statements)

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“…The interest of policymakers and welfare economists on this issue is interpreted by several factors. Firstly, socioeconomic monetary indicators are not sufficient to interpret human well-being ( Frugoli et al, 2015 ), thus, the emergent literature is using subjective well-being as an indicator to gauge the happiness of citizens ( Nikolova and Popova, 2021 ). Secondly, empirical studies exploring the quality of life can help in evaluating the welfare impacts of various factors such as contamination, environmental variables, unemployment status, education, and health ( Cuñado and de Gracia, 2012 ).…”

Section: Literature Reviewmentioning

confidence: 99%

Short- and Long-Run Influence of Education on Subjective Well-Being: The Role of Information and Communication Technology in China

Wang

Sohail

2022

Front. Psychol.

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Subjective well-being is defined as how happy and satisfied a person is in his life. To date, among the significant determinants of subjective well-being, national income is considered an important one. However, not much focus has been paid to other determinants of subjective well-being, such as education and information and communication technologies (ICTs). Therefore, this study aims to investigate the short- and long-run impact of education and ICTs on subjective well-being in China over the period 1996–2020. To empirically investigate the nexus, we have employed bounds testing approach to cointegration and error correction modeling. The long-run estimates attached to education are positive and significant, implying that a rise in average years of schooling help increases the level of happiness. However, the long-run estimate attached to the internet is significant and positive in the happiness model. As far as the interaction term between education and the internet is concerned, the estimate is positive and significant. In short-run, the estimates of education, ICTs, and an interaction term between them are also significantly positive.

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Section: Literature Reviewmentioning

confidence: 99%

Short- and Long-Run Influence of Education on Subjective Well-Being: The Role of Information and Communication Technology in China

Wang

Sohail

2022

Front. Psychol.

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“…For a deeper interaction between blocks, it is necessary to consider the correlation between block processes. For example, this is the influence of funding for higher education and employment of the population who received this education, or work in the specialty of graduates having secondary vocational education and higher education (Miao, 2020;Nikolova & Popova, 2020;Pi et al, 2017;. And it is necessary to know how the process block, namely its indicators, correlates with the rest of the indicators.…”

Section: Discussionmentioning

confidence: 99%

Indicators Of The Process Block Of An Innovative Economy

Volkova¹

2022

European Proceedings of Social and Behavioural Sciences

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To study the effectiveness of the education system, the following indicators were determined. The first is the level of population participation in lifelong education per student who graduated from secondary school. The second is the share of costs per person for all types of retraining, advanced training, vocational training, the share of wages in GDP per person who graduated from secondary school. The third is the ratio of the average gross wages of workers with higher education to the labor productivity index, the number of studies under the age of 39 per person with higher education. A number of indicators of the process block are weakly correlated with each other and therefore all of them should be left for consideration. Although there is a relation of average density among some of indicators, it is most likely nonlinear, and therefore it can change dramatically over time. For a deeper interaction between blocks, one should consider the correlation between block processes, for example, the impact of funding for higher education and employment of the population who received this education, or job in the degree of graduates received secondary vocational education and higher education. In addition, this is the way the process block, namely its indicators, correlates with the rest of the indicators. In the future, it is necessary to calculate the final indicator of the impact of the current education system on the productivity in order to answer the question: under what indicators the system is productive.

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“…According to the revealed patterns, a sharp increase of L7, L9, L10 indicators in 2012 is related to the financing of secondary vocational education. The uneven development of the financing process has led to qualitative changes in the indicators connected with the innovative activity of companies in the direction of their reduction (Nikolova & Popova, 2020;Pi et al, 2017).…”

Section: Discussionmentioning

confidence: 99%

Indicators Of The Quality Block Of Innovation-Based Economy

Volkova¹

2022

European Proceedings of Social and Behavioural Sciences

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The given paper considers the quality block with its interrelations as a consequence of the quantity block which determines the financial component for all types of education, beginning from the secondary-level education to higher and vocational secondary education. On the one hand, there has been the share of the employed population with a particular set of education quality in total employment of the population. On the other hand, there has been the proportion of individuals with this quality of the total population in %. There are the polygons of indicators distribution. Using correlation and regression analysis and statistical data processing, we identified the number of consistent patterns that allowed a deeper analysis of the selected indicators. Based on the found dependences of education expenditures and employment in accordance with the specialty in the proportion of individuals with higher and vocational education, an interesting conclusion has been made. In our opinion, in due course, no one will work in his/her degree field. In the modern innovation-based economy, the explanation for this is that professionals in these specialties will not be in demand in seven years, due to the fact that the specialty field is becoming obsolete because of the production modernization, and therefore the state does not allocate funds for training specialists in this field.

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Sometimes Your Best Just Ain’t Good Enough: The Worldwide Evidence on Subjective Well-being Efficiency

Cited by 12 publications

References 50 publications

Short- and Long-Run Influence of Education on Subjective Well-Being: The Role of Information and Communication Technology in China

Short- and Long-Run Influence of Education on Subjective Well-Being: The Role of Information and Communication Technology in China

Indicators Of The Process Block Of An Innovative Economy

Indicators Of The Quality Block Of Innovation-Based Economy

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