Contemporary Global Perspectives on Gender Economics

Abstract

Research into subjective well-being suggests that happier people are healthier and more professionally productive, achieve goals more easily and are more often successful in personal relationships. Unfortunately, studies in the USA and Britain suggest that there has been an overall decline in selfreported well-being since the 1970's, particularly for females. Data from the Household, Income and Labour Dynamics in Australia (HILDA) survey appear to corroborate the international evidence. Using HILDA 2001 to 2011 data, this chapter investigates: levels of life satisfaction; association between life satisfaction and social connectedness; and whether declines in life satisfaction can be explained by declines in social connectedness. A positive association is found between life satisfaction and almost all measures of social connectedness for both genders. This association, however, only partly explains observed declines in life satisfaction. This research emphasises the importance of frequent, meaningful social connections and the urgency for governments to address declining well-being.