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Determinants of subjective well-being in high and low income countries: Do happiness equations differ across countries?

  • Sarracino, Francesco

► Present work tests the cross-country comparability of a happiness equation including proxies of social capital and relational goods. ► It focuses on two extremely opposite groups of countries: the richest and the poorest ones. ► The happiness equation is stable in the two groups of countries. ► Proxies of relational goods are positively correlated with subjective well-being. ► Social capital is a significant correlate of subjective well-being with stronger coefficients in high income countries.

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Article provided by Elsevier in its journal Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics).

Volume (Year): 42 (2013)
Issue (Month): C ()
Pages: 51-66

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Handle: RePEc:eee:soceco:v:42:y:2013:i:c:p:51-66
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