This paper attempts to explain international and inter-personal differences in subjective well-being over the final fifth of the twentieth century. The empirical work makes use of data from three waves of the World Values survey covering about fifty different countries. The analysis proceeds in stages. First there is a brief review of some reasons for giving a key role to subjective measures of well-being. This is followed by a survey of earlier empirical studies, a description of the main variables used, a report of results and tests, and discussion of the links among social capital, education, income and well-being. The main innovation of the paper, relative to earlier studies of subjective well-being, lies in its use of large international samples of data combining individual and societal level variables, thus permitting the simultaneous identification of individual-level and societal-level determinants of well-being. This is particularly useful in identifying the direct and indirect linkages between social capital and well-being.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
9065.
Length: Date of creation: Jul 2002 Date of revision: Publication status: published as Helliwell, John F. "How's Life? Combining Individual And National Variables To Explain Subjective Well-Being," Economic Modelling, 2003, v20(2,Mar), 331-360. Handle: RePEc:nbr:nberwo:9065
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Find related papers by JEL classification: F0 - International Economics - - General I0 - Health, Education, and Welfare - - General
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