Does Happiness Converge?
AbstractUsing the Phillips and Sul (2007) club convergence and clustering procedure, we examine happiness convergence dynamics across Europe. Although we reject the hypothesis of full convergence, we find evidence of distinct happiness convergence clubs. Against the background of a weak link between income and happiness in the existing literature, we advocate that happiness convergence is a legitimate policy goal on its own right as well as a useful barometer of changes in the political landscape, societal values, and citizens’ sentiments about developments in the European Union
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Bibliographic InfoPaper provided by Centre for Research in Employment, Skills & Society (CRESS), Kingston Business School in its series Working Papers with number 13-01.
Length: 18 pages
Date of creation: Sep 2013
Date of revision:
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Postal: Kingston Hill, Kingston Upon Thames, Surrey, KT2 7LB
Web page: http://business.kingston.ac.uk/home/centre-research-employment-skills-society
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Panel convergence; Happiness; Life satisfaction; European Union;
Find related papers by JEL classification:
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
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