Can policy make us happier? Individual characteristics, socio-economic factors and life satisfaction in Central and Eastern Europe
AbstractRapid economic convergence in Central and Eastern European (CEE) countries has not been matched by a similarly rapid increase in life satisfaction. This paper sets out to address this conundrum, by looking at the individual and macro-level determinants of individual life satisfaction in 10 CEE countries. The results highlight that macroeconomic and institutional differences are the key factors behind the lack of convergence in life satisfaction. On the macroeconomic side, Gross Domestic Product growth is still a source of increasing well-being, but the happiness bonus associated with it is becoming smaller. The different levels of individual happiness in CEE are therefore mostly determined by institutional factors such as corruption, government spending and decentralization. Copyright 2011, Oxford University Press.
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Bibliographic InfoArticle provided by Cambridge Political Economy Society in its journal Cambridge Journal of Regions, Economy and Society.
Volume (Year): 5 (2011)
Issue (Month): 1 ()
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Other versions of this item:
- Andrés Rodríguez-Pose & Kristina Maslauskaite, 2011. "Can policy make us happier? Individual characteristics, socioeconomic factors, and life satisfaction in Central and Eastern Europe," Working Papers 2011-19, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.
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