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Economic Freedom and Emotional Well-Being

Author

Listed:
  • Nikolaev, Boris
  • Bennett, Daniel L.

Abstract

We explore the relationship between emotional well-being and economic freedom. Us-ing data for a sample of 12 countries from wave 2 of the World Value Survey (WVS) and the Economic Freedom of the World (EFW) index, we find that people living in more economi-cally free societies are more likely to report the presence of positive affect and absence of neg-ative affect. Specifically, people who live in countries with greater economic freedom are more likely to report feeling excited, accomplished, and on the top of the world. At the same time, they are less likely to report feeling pride, restlessness, loneliness, boredom, and being upset. These results are consistent with previous studies that find a positive association be-tween economic freedom and life satisfaction.

Suggested Citation

  • Nikolaev, Boris & Bennett, Daniel L., 2017. "Economic Freedom and Emotional Well-Being," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 47(01).
    • Handle: RePEc:ags:jrapmc:293619
    DOI: 10.22004/ag.econ.293619
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    Citations

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    Cited by:

    1. Richard J. Cebula, 2024. "The Tiebout-Tullock hypothesis re-examined using tax freedom measures: the case of post-Great Recession state-level gross in-migration," Public Choice, Springer, vol. 199(1), pages 65-81, April.
    2. repec:jpe:journl:1713 is not listed on IDEAS
    3. repec:jpe:journl:1628 is not listed on IDEAS
    4. Steven B. Caudill & João Ricardo Faria & Franklin G. Mixon & Elliott H. Young, 2024. "Expropriation, money, and happiness: the impact of state theft in Russia," Empirical Economics, Springer, vol. 66(2), pages 483-501, February.
    5. Johan Graafland, 2020. "When Does Economic Freedom Promote Well Being? On the Moderating Role of Long-Term Orientation," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 149(1), pages 127-153, May.
    6. Daniel L. Bennett, 2021. "Local economic freedom and creative destruction in America," Small Business Economics, Springer, vol. 56(1), pages 333-353, January.

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