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The Sadness of Bulgaria

  • Hernando Zuleta

    ()

  • Maria Draganova

    ()

There is a significant positive statistical connection between GDP per capita and the satisfaction rate. However, Bulgaria, being a middle income economy, is one of the saddest places on Earth. We try to identify possible reasons for this phenomenon and we put forward some policy implications. The evolution of fertility rates, income per capita and income distribution during the democratic era help to understand the Bulgarian sadness.

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File URL: http://economia.uniandes.edu.co/publicaciones/dcede2012-24.pdf
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Paper provided by UNIVERSIDAD DE LOS ANDES-CEDE in its series DOCUMENTOS CEDE with number 010018.

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Length: 16
Date of creation: 27 Sep 2012
Date of revision:
Handle: RePEc:col:000089:010018
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  1. Kahneman, Daniel & Tversky, Amos, 1979. "Prospect Theory: An Analysis of Decision under Risk," Econometrica, Econometric Society, vol. 47(2), pages 263-91, March.
  2. Daniel W. Sacks & Betsey Stevenson & Justin Wolfers, 2010. "Subjective well-being, income, economic development and growth," Working Paper Series 2010-28, Federal Reserve Bank of San Francisco.
  3. Katrin Rehdanz & David J. Maddison, 2003. "Climate and Happiness," Working Papers FNU-20, Research unit Sustainability and Global Change, Hamburg University, revised Apr 2003.
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