What Buys Happiness? Analyzing Trends in Subjective Well-Being in 15 European Countries, 1973-2002
AbstractTrends in life satisfaction are examined across 15 European countries employing a modified version of Kendall's Tau. Analyses show that GDP growth relative to growth in the preceding period is a significant determinant of the trends; the same holds for the growth in life expectancy while the contemporaneous growth in the current account balance exerts a positive influence. Relative unemployment growth becomes significant when interacted with a measure of the long-run political ideology of the median voter. The effects of relative GDP growth vary with the political ideology variable.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1716.
Length: 23 pages
Date of creation: Aug 2005
Date of revision:
Publication status: published in: Journal of Happiness Studies, 2008, 9 (2), 317-330
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Find related papers by JEL classification:
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-09-11 (All new papers)
- NEP-CBE-2005-09-11 (Cognitive & Behavioural Economics)
- NEP-EEC-2005-09-11 (European Economics)
- NEP-LTV-2005-09-11 (Unemployment, Inequality & Poverty)
- NEP-POL-2005-09-11 (Positive Political Economics)
- NEP-SOC-2005-09-11 (Social Norms & Social Capital)
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