Can Governments Boost People’s Sense of Well-Being? The Impact of Selected Labour Market and Health Policies on Life Satisfaction
There is strong evidence that subjective well-being measures capture in a reliable way specific components of well-being that other non-subjective measures miss. The question of whether subjective well-being is policy amenable is however still largely unexplored in the research. This paper sheds some light on this issue, by looking at the impact of selected labour market and health policies on subjective well-being, using well-being data from the Gallup World Poll on the 34 OECD countries. The paper finds that the generosity of unemployment benefits and the strictness employment protection legislation affects positively life satisfaction, while out-of-pocket health expenses significantly reduce subjective well-being. Copyright Springer Science+Business Media Dordrecht 2013
Volume (Year): 114 (2013)
Issue (Month): 1 (October)
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