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The relationship between multidimensional psychological well-being and poverty
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 defin...
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| Format: | Thesis |
| Language: | English |
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School of Economics
2020
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| _version_ | 1867613257694445568 |
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| access_status_str | Open Access |
| author | Oaker, Brandon |
| author2 | Keswell, Malcolm |
| author_browse | Keswell, Malcolm Oaker, Brandon |
| author_facet | Keswell, Malcolm Oaker, Brandon |
| author_sort | Oaker, Brandon |
| collection | Thesis |
| description | 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. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/31428 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:33:15.376Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | School of Economics |
| publisherStr | School of Economics |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/31428 The relationship between multidimensional psychological well-being and poverty Oaker, Brandon Keswell, Malcolm poverty consumption psychology well-being cash transfers development 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. 2020-03-02T09:32:15Z 2020-03-02T09:32:15Z 2019 2020-03-02T08:42:13Z Master Thesis Masters MCom http://hdl.handle.net/11427/31428 eng application/pdf School of Economics Faculty of Commerce |
| spellingShingle | poverty consumption psychology well-being cash transfers development Oaker, Brandon The relationship between multidimensional psychological well-being and poverty |
| thesis_degree_str | Master's |
| title | The relationship between multidimensional psychological well-being and poverty |
| title_full | The relationship between multidimensional psychological well-being and poverty |
| title_fullStr | The relationship between multidimensional psychological well-being and poverty |
| title_full_unstemmed | The relationship between multidimensional psychological well-being and poverty |
| title_short | The relationship between multidimensional psychological well-being and poverty |
| title_sort | relationship between multidimensional psychological well being and poverty |
| topic | poverty consumption psychology well-being cash transfers development |
| url | http://hdl.handle.net/11427/31428 |
| work_keys_str_mv | AT oakerbrandon therelationshipbetweenmultidimensionalpsychologicalwellbeingandpoverty AT oakerbrandon relationshipbetweenmultidimensionalpsychologicalwellbeingandpoverty |