Happiness in Europe
AbstractData in the European Community Household Panel are used to analyse the impact on self-reported satisfaction from a number of economic and demographic variables. The paper contributes to the ongoing discussion of the relationship between life satisfaction and income utilizing also the panel property of the data. We find an impact from the level of income only for a group of Southern European countries. For the same group of countries the difference between individual and average change in income has a significant impact on satisfaction. For all countries in the panel we find a significant impact from the change in the individual income situation over the last year. We find a strong impact from changes in labour force status and a strong negative impact on satisfaction from being unemployed and a somewhat weaker impact from being outside the labour force. Further, the level of and change in self-reported health has a strong impact on satisfaction.
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Bibliographic InfoArticle provided by Elsevier in its journal The Journal of Socio-Economics.
Volume (Year): 40 (2011)
Issue (Month): 5 ()
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Web page: http://www.elsevier.com/locate/inca/620175
Satisfaction; Income; Labour market status; Health;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- J28 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Safety; Job Satisfaction; Related Public Policy
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