The relationship between multidimensional psychological well-being and poverty

dc.contributor.advisorKeswell, Malcolm
dc.contributor.authorOaker, Brandon
dc.date.accessioned2020-03-02T09:32:15Z
dc.date.available2020-03-02T09:32:15Z
dc.date.issued2019
dc.date.updated2020-03-02T08:42:13Z
dc.description.abstractEvidence 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.apacitationOaker, 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/11427/31428en_ZA
dc.identifier.chicagocitationOaker, Brandon. <i>"The relationship between multidimensional psychological well-being and poverty."</i> ., ,Faculty of Commerce ,School of Economics, 2019. http://hdl.handle.net/11427/31428en_ZA
dc.identifier.citationOaker, B. 2019. The relationship between multidimensional psychological well-being and poverty. . ,Faculty of Commerce ,School of Economics. http://hdl.handle.net/11427/31428en_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.urihttp://hdl.handle.net/11427/31428
dc.identifier.vancouvercitationOaker 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/11427/31428en_ZA
dc.language.rfc3066eng
dc.publisher.departmentSchool of Economics
dc.publisher.facultyFaculty of Commerce
dc.subjectpoverty
dc.subjectconsumption
dc.subjectpsychology
dc.subjectwell-being
dc.subjectcash transfers
dc.subjectdevelopment
dc.titleThe relationship between multidimensional psychological well-being and poverty
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMCom
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