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A note on the impact of economic regulation on life satisfaction

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  • Bodo Knoll
  • Hans Pitlik
  • Martin Rode

Abstract

Are people happier if they experience freedom from regulations, and how do individual attitudes towards liberalization influence personal life satisfaction? Based on the data from European and World Values Surveys and the Economic Freedom of the World project, we find evidence for positive effects of low regulation and pro-market attitudes on life satisfaction. Paradoxically, people who are opposed to market-oriented policies sometimes benefit most from deregulation.

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File URL: http://hdl.handle.net/10.1080/13504851.2012.762709
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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 20 (2013)
Issue (Month): 9 (June)
Pages: 916-920

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Handle: RePEc:taf:apeclt:v:20:y:2013:i:9:p:916-920

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  1. Ovaska, Tomi & Takashima, Ryo, 2006. "Economic policy and the level of self-perceived well-being: An international comparison," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(2), pages 308-325, April.
  2. Christian Bjørnskov & Axel Dreher & Justina Fischer, 2008. "Cross-country determinants of life satisfaction: exploring different determinants across groups in society," Social Choice and Welfare, Springer, vol. 30(1), pages 119-173, January.
  3. Martin Rode, 2013. "Do Good Institutions Make Citizens Happy, or Do Happy Citizens Build Better Institutions?," Journal of Happiness Studies, Springer, vol. 14(5), pages 1479-1505, October.
  4. Alois Stutzer & Bruno S. Frey, 2008. "Stress that Doesn't Pay: The Commuting Paradox," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(2), pages 339-366, 06.
  5. Dreher, Axel & Öhler, Hannes, 2011. "Does government ideology affect personal happiness? A test," Economics Letters, Elsevier, vol. 111(2), pages 161-165, May.
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