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Culture and life satisfaction in developed and less developed nations


  • Thomas Lange


Defining culture by reference to deeply engrained societal values and beliefs, this article makes two contributions to the growing field of satisfaction research: first, it explores whether and to what extent a range of cultural values serve as important moderators of individuals' life satisfaction; and second, it also tries to uncover if the economic development status of countries in which individuals live mitigates the impact of these cultural values. Based on sub-samples of the fourth wave of the World Value Survey, the empirical results show that several cultural values are indeed very significant influences on individuals' assessment of their life satisfaction. The importance of work, family, religion and interpersonal trust play a particularly prominent role. However, contrary to previous assertions, cultural values also appear to have a rather different effect on life satisfaction when examined in the context of developed versus less developed economies.

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  • Thomas Lange, 2010. "Culture and life satisfaction in developed and less developed nations," Applied Economics Letters, Taylor & Francis Journals, vol. 17(9), pages 901-906.
  • Handle: RePEc:taf:apeclt:v:17:y:2010:i:9:p:901-906 DOI: 10.1080/13504850802552309

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    1. Ivo Welch & Amit Goyal, 2008. "A Comprehensive Look at The Empirical Performance of Equity Premium Prediction," Review of Financial Studies, Society for Financial Studies, vol. 21(4), pages 1455-1508, July.
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