Taiwan Essays - Psychology, Emotions, Personal Life,

Taiwan Taiwan is a state in East Asia and some of its neighbors are Japan and Philippines. Officially is known as The Republic of China, even though is not a part of China. It is the first democratic country in Asia and is the last country using traditional Chinese as a first language for its people. In addition, is not part of the United Nations despite the fact that is a densely populated country and has a large economy .Even if it is one of the most populous states it has the lowest birthrate in the whole world. 35909251135380 Life satisfaction and happiness are related between them however they differ in measures of we ll-being. The relationship between income and happiness is measured by using data from Taiwan to study the macroeconomics of happiness, as National Happiness is used as an indicator to assess the performance of an economy . H appiness is an emotional state correlated directly to sudden changes in mood, whilst satisfaction is considered a judgmental state. Through the use of estimations models have been made to examine the determinants of happiness and satisfaction amongst Taiwanese people in a number of life domains such as family bonds, health, relationships with friends and financial situation .The results have suggested that higher income is associated with a higher level of personal well-being. While personal income has a strong positive effect on individual happiness .National income on the other hand, fails to have any significant effect either in the long or short run. A paradox was established by Easterlin in 1974, with prove included from Taiwan which states that higher income people in a country are happier. Nonetheless, economic growth fails to make people happier. After several researches from findings about statistical happiness it has been found that Nations as a whole, at least in the West, do not seem to get happier as they get richer. Furthermore, money does buy a reasonable amount of happiness; however, for a typical individual a doubling of a salary provides the same amount of happiness life events such as marriage and the birth of a baby offer. In addition, Happiness has a U-shaped in age as it falls off for a while, then stabilizes, and rises later in life. Two of the biggest negatives in life are unemployment and divorce. Generally, Married people report a higher degree of satisfaction and happiness, whilst unemployment reduces subjective well-being. Furthermore, individual's perso nal values such as lack of religious faith have strong effects on satisfaction. As a result is confirmed that personal characteristics reflect differently in terms of satisfaction and happiness according to the different domains of life. Like many countries in the world, Taiwan has undergone a steady increase in unemployment during the past several decades.Unemployed people are those who are willing and able to work, but are not currently employed .Unemployment is caused do to close down of businesses, unsatisfaction and new job seekers. Two types of Taiwan's unemployment include Frictional unemployment which results because it takes time for workers to find a job that suits their tastes and skills and structural unemployment is caused when some labor markets is inefficient to provide a job for everyone who needs one. Two main reasons of unemployment in Taiwan are industry outflow and over educated labor as undergraduate and master's degrees holders are overqualified for certain jobs. Labor with very high diplomas who's doing basic level job is also defined as a kind of unemployment in Taiwan. Because of lower wages within bigger markets, business men in Taiwan has increased their investment in China since the 70's r esulting to a reduction in demand of Taiwan's local labor .In addition, the global economic crisis affected the demand for exports of Taiwan. Firms made fewer profits and they gave no salary rests or even lay off workers .As far as employment is concerned jobs in prominent industries can be founds for IT and electronic products which are the most significant industries. While other popular industries include: chemicals, petroleum refining, motor vehicles and food processing. Industries available for skilled workers include furniture production, tool manufacture, office supplies, toys and domestic lighting products. Tourism is also considered to be one of the main developing