The relationship between multidimensional psychological well-being and poverty
dc.contributor.advisor | Keswell, Malcolm | |
dc.contributor.author | Oaker, Brandon | |
dc.date.accessioned | 2020-03-02T09:32:15Z | |
dc.date.available | 2020-03-02T09:32:15Z | |
dc.date.issued | 2019 | |
dc.date.updated | 2020-03-02T08:42:13Z | |
dc.description.abstract | Evidence from various academic fields indicates that mental health and income are correlated. Additionally, evidence exists that an increase in income improves psychological well-being and evidence that poor psychological well-being negatively impacts income. The difficulty is that there is no definitive work pinpointing the direction of the causal relationship between income and psychological well-being, but studies are attempting to find out. Hence, this paper attempts to contribute to ongoing work with an IV estimation approach to determine the causal effects of psychological well-being on poverty. Using data provided by Haushofer and Shapiro, this paper finds evidence that an increase in income causes a reduction in depression and stress levels, along with increases in happiness and life satisfaction of the study participants. Additionally, it is found that these improvements in psychological well-being lead to increases in monthly household expenditure, especially health care. Furthermore, these findings indicate that when women receive a cash transfer, a significant proportion of that transfer is devoted to health care. All the estimates presented in the paper indicate that an improvement in economic well-being leads to an improvement in the mental health of the poor, which causes them to spend more and focus more on their health care. | |
dc.identifier.apacitation | Oaker, B. (2019). <i>The relationship between multidimensional psychological well-being and poverty</i>. (). ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/31428 | en_ZA |
dc.identifier.chicagocitation | Oaker, Brandon. <i>"The relationship between multidimensional psychological well-being and poverty."</i> ., ,Faculty of Commerce ,School of Economics, 2019. http://hdl.handle.net/11427/31428 | en_ZA |
dc.identifier.citation | Oaker, B. 2019. The relationship between multidimensional psychological well-being and poverty. . ,Faculty of Commerce ,School of Economics. http://hdl.handle.net/11427/31428 | en_ZA |
dc.identifier.ris | TY - Thesis / Dissertation AU - Oaker, Brandon AB - Evidence from various academic fields indicates that mental health and income are correlated. Additionally, evidence exists that an increase in income improves psychological well-being and evidence that poor psychological well-being negatively impacts income. The difficulty is that there is no definitive work pinpointing the direction of the causal relationship between income and psychological well-being, but studies are attempting to find out. Hence, this paper attempts to contribute to ongoing work with an IV estimation approach to determine the causal effects of psychological well-being on poverty. Using data provided by Haushofer and Shapiro, this paper finds evidence that an increase in income causes a reduction in depression and stress levels, along with increases in happiness and life satisfaction of the study participants. Additionally, it is found that these improvements in psychological well-being lead to increases in monthly household expenditure, especially health care. Furthermore, these findings indicate that when women receive a cash transfer, a significant proportion of that transfer is devoted to health care. All the estimates presented in the paper indicate that an improvement in economic well-being leads to an improvement in the mental health of the poor, which causes them to spend more and focus more on their health care. DA - 2019 DB - OpenUCT DP - University of Cape Town KW - poverty KW - consumption KW - psychology KW - well-being KW - cash transfers KW - development LK - https://open.uct.ac.za PY - 2019 T1 - The relationship between multidimensional psychological well-being and poverty TI - The relationship between multidimensional psychological well-being and poverty UR - http://hdl.handle.net/11427/31428 ER - | en_ZA |
dc.identifier.uri | http://hdl.handle.net/11427/31428 | |
dc.identifier.vancouvercitation | Oaker B. The relationship between multidimensional psychological well-being and poverty. []. ,Faculty of Commerce ,School of Economics, 2019 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/31428 | en_ZA |
dc.language.rfc3066 | eng | |
dc.publisher.department | School of Economics | |
dc.publisher.faculty | Faculty of Commerce | |
dc.subject | poverty | |
dc.subject | consumption | |
dc.subject | psychology | |
dc.subject | well-being | |
dc.subject | cash transfers | |
dc.subject | development | |
dc.title | The relationship between multidimensional psychological well-being and poverty | |
dc.type | Master Thesis | |
dc.type.qualificationlevel | Masters | |
dc.type.qualificationname | MCom |