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A note on the impact of economic regulation on life satisfaction

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  • Bodo Knoll
  • Hans Pitlik
  • Martin Rode

Abstract

Are people happier if they experience freedom from regulations, and how do individual attitudes towards liberalization influence personal life satisfaction? Based on the data from European and World Values Surveys and the Economic Freedom of the World project, we find evidence for positive effects of low regulation and pro-market attitudes on life satisfaction. Paradoxically, people who are opposed to market-oriented policies sometimes benefit most from deregulation.

Suggested Citation

  • Bodo Knoll & Hans Pitlik & Martin Rode, 2013. "A note on the impact of economic regulation on life satisfaction," Applied Economics Letters, Taylor & Francis Journals, vol. 20(9), pages 916-920, June.
  • Handle: RePEc:taf:apeclt:v:20:y:2013:i:9:p:916-920
    DOI: 10.1080/13504851.2012.762709
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    References listed on IDEAS

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    1. Alois Stutzer & Bruno S. Frey, 2008. "Stress that Doesn't Pay: The Commuting Paradox," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(2), pages 339-366, June.
    2. Christian Bjørnskov & Axel Dreher & Justina Fischer, 2008. "Cross-country determinants of life satisfaction: exploring different determinants across groups in society," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 30(1), pages 119-173, January.
    3. Martin Rode, 2013. "Do Good Institutions Make Citizens Happy, or Do Happy Citizens Build Better Institutions?," Journal of Happiness Studies, Springer, vol. 14(5), pages 1479-1505, October.
    4. Ovaska, Tomi & Takashima, Ryo, 2006. "Economic policy and the level of self-perceived well-being: An international comparison," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(2), pages 308-325, April.
    5. Brambor, Thomas & Clark, William Roberts & Golder, Matt, 2006. "Understanding Interaction Models: Improving Empirical Analyses," Political Analysis, Cambridge University Press, vol. 14(01), pages 63-82, December.
    6. Dreher, Axel & Öhler, Hannes, 2011. "Does government ideology affect personal happiness? A test," Economics Letters, Elsevier, vol. 111(2), pages 161-165, May.
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    Cited by:

    1. Humpert, Stephan, 2013. "A Note on Satisfaction with Life, Government and Job: The Case of Eastern Europe," MPRA Paper 45449, University Library of Munich, Germany.
    2. Bodo Knoll & Hans Pitlik, 2016. "Who benefits from big government? A life satisfaction approach," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 43(3), pages 533-557, August.
    3. Arye L. Hillman & Niklas Potrafke, 2016. "Economic Freedom and Religion: An Empirical Investigation," CESifo Working Paper Series 6017, CESifo Group Munich.
    4. repec:sae:pubfin:v:46:y:2018:i:2:p:249-275 is not listed on IDEAS

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