Distributional effects of freedom and income on life satisfaction: evidence from East Asian Chinese societies

Lim, Hock-Eam and Shaw, Daigee and Chen, Le-Yu and Liao, Pei-Shan (2023) Distributional effects of freedom and income on life satisfaction: evidence from East Asian Chinese societies. Asian Economic Journal, 37 (1). pp. 113-143. ISSN 13513958

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Abstract

We estimate the distributional effects of freedom and income on life satisfaction (LS) for East Asian Chinese societies through an ordinal parametric quantile regression approach. The results show that freedom and income exhibit positive and mostly significant effects across societies and LS levels. The freedom effects generally become larger for those at higher LS quantiles. However, the income effects decline as the LS quantile level increases. Thus, one may have a trade-off between freedom and income without compromising individual LS. The trade-off of freedom (income) for income (freedom) is more pronounced for people at a lower (higher) LS level.

Item Type:	Article
Uncontrolled Keywords:	Chinese societies, distributional effect, freedom, income, life satisfaction, societal values
Subjects:	H Social Sciences > HG Finance
Divisions:	School of Economics, Finance & Banking
Depositing User:	Mr. Izhar Hj. Hashim
Date Deposited:	03 Nov 2026 07:25
Last Modified:	03 Nov 2026 07:25
URI:	https://repo.uum.edu.my/id/eprint/34392

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