Anu Randveer () (Department of Economics, Tallinn University of Technology)
Abstract
This paper focuses on two issues of subjective well-being: (1) the relative advantage of using either happiness or life satisfaction as an explanatory variable and either (relative) income or financial satisfaction as an independent variable, and (2) the difference in the level and the factors of subjective well-being between the whole sample countries and a typical transition country – Estonia. The analysis is performed using OLS, based on the World Values Study data from 1995-7. The results of the analysis suggest the advantage of using life satisfaction as a proxy for subjective well-being: life satisfaction is better explained by the same variables as happiness. The explanatory power of the Estonian equations is lower compared to equations based on the whole set of countries; however, the size and signs of coefficients are comparable, although with some interesting differences in the effects of, for example, income, education and immigrant status.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
file. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by School of Economics and Business Administration, Tallinn University of Technology in its series Working Papers with number
159.
Length: 12 Date of creation: 2007 Date of revision: Publication status: Published in Working Papers in Economics.School of Economics and Business Administration,Tallinn University of Technology (TUTWPE), Pages 5-16 Handle: RePEc:ttu:wpaper:159
Find related papers by JEL classification: I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
This paper has been announced in the following NEP Reports:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: