Happiness, Economy and Institutions
AbstractA cross-regional econometric analysis suggests that institutional factors in the form of direct democracy (via initiatives and referenda) and of federal structure (local autonomy) systematically and sizeably raise self-reported individual well-being. This positive effect can be attributed to political outcomes closer to voters' preferences, as well as to the procedural utility of political participation. Moreover, the results of "standard" microeconometric well-being functions previously published for other countries are generally supported. Unemployment has a strongly depressing effect on happiness. A higher income level raises happiness, however, only to a small extent.
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Bibliographic InfoPaper provided by Institute for Empirical Research in Economics - University of Zurich in its series IEW - Working Papers with number 015.
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Date of revision:
subjective well-being; institutions; direct democracy; unemployment;
Other versions of this item:
- D60 - Microeconomics - - Welfare Economics - - - General
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- H10 - Public Economics - - Structure and Scope of Government - - - General
- 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-2000-05-08 (All new papers)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Living with a weak economy
by chris dillow in Stumbling and Mumbling on 2011-11-17 15:02:19
by Thijs in eco.nomie.nl on 2010-03-03 07:01:21
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