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Building the Good Life: Growth, Reforms and Happiness in Transition

In: The Palgrave Handbook of Comparative Economics

Author

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  • Peter Sanfey

    (European Bank for Reconstruction and Development)

Abstract

This chapter charts the evolution of life satisfaction in former communist or socialist countries of central and eastern Europe and the former Soviet Union during the transition period. In the early years of transition, countries in this region typically clustered near the bottom of global happiness rankings. Over time, this “happiness gap” with other regions has steadily closed, once one allows for differences in income. However, a raw (unadjusted) happiness gap still remains between transition countries and advanced OECD members. Recent research points to a link between life satisfaction and some of the qualities that are needed for successful economies, such as good governance, environmentally friendly policies and measures to promote the inclusion of disadvantaged groups.

Suggested Citation

  • Peter Sanfey, 2021. "Building the Good Life: Growth, Reforms and Happiness in Transition," Springer Books, in: Elodie Douarin & Oleh Havrylyshyn (ed.), The Palgrave Handbook of Comparative Economics, edition 1, chapter 24, pages 617-633, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-50888-3_24
    DOI: 10.1007/978-3-030-50888-3_24
    as

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