Exploratory data analysis of subjective well-being in Mexico, 2013 to 2020
Abstract
The study has an exploratory purpose, it aims to identify changes in the levels of subjective well-being variables in Mexico between 2013 and 2020. The data used correspond to the surveys carried out by the National Institute of Statistics and Geography (INEGI) between 2013 and 2020. It has more than 50 thousand quarterly data. Among the findings of the study, an increase in satisfaction with life of Mexicans can be observed in recent years, identifying only one point of reduction during the first quarter of 2017. Likewise, stability is observed in affective aspects of individuals, which contradicts the general perception regarding the volatility of said factor of personal well-being. The present study contributes to the understanding of subjective well-being as a relevant element in economics studies. One limitation of the work is that during the COVID-19 pandemic there was no information gathering, so it was not possible to investigate aspects of the well-being of Mexicans during the health contingency.
Keywords
Subjective well-being, happiness economics, affective balance
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