This paper summarizes recent empirical research on the determinants of subjective well-being. Results from national and international samples suggest that measures of social capital, including especially the corollary measures of specific and general trust, have substantial effects on well-being beyond those flowing through economic channels. Cross-national samples (supported by parallel analysis of suicide data) show large well-being effects from social capital and from the quality of government. Finally, Canadian life-satisfaction data show that several non-financial job characteristics, and especially the climate of workplace trust, have very large income-equivalent effects.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
11807.
Length: Date of creation: Dec 2005 Date of revision: Handle: RePEc:nbr:nberwo:11807
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Find related papers by JEL classification: I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology P52 - Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
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