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How Happy are the Albanians: an Empirical ANALYSIS OF LIFE SATISFACTION

  • Julie Litchfield

    ()

    (Sussex Centre for Migration Research, Department of Economics, University of Sussex)

  • Barry Reilly

    ()

    (Sussex Centre for Migration Research, Department of Economics, University of Sussex)

  • Mario Veneziani

    ()

    (DiSES, Università Cattolica)

This paper uses the nationally representative Albanian Living Standards Measurement Survey from 2005 to investigate the determinants of life satisfaction.In common with much of the existing empirical economics literature that models life satisfaction (or subjective well-being), this paper exploits an ordered probit model. In contrast to this literature, however, the current study places an important emphasis on regression model evaluation. Diagnostic testing revealed a number of econometric model deficiencies but the explicit incorporation of a heteroscedastic function into the ordered probit model resolved all detected problems. The tenor of the key findings generally reflects that found in the literature on the determinants of life satisfaction for both advanced capitalist and transitional economies. However, a number of additional themes with a strong Albanian flavour were interrogated. In particular, our study revealed evidence of long memories among Albanian respondents with respect to the collapse of that country’s notorious pyramid scheme and the scarring effects of this episode continue to impact on life satisfaction even with the passage of almost eight years. In addition, a sizeable effect for communal level crime activity on life satisfaction was also detected.

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File URL: http://www.unicatt.it/dipartimenti/DISES/allegati/dises1065.pdf
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Paper provided by Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) in its series DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali with number dises1065.

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Length: 54 pages
Date of creation: Nov 2009
Date of revision:
Handle: RePEc:ctc:serie2:dises1065
Contact details of provider: Web page: http://www.unicatt.it/Dipartimenti/DISES
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  1. DiTella, Rafael & MacCulloch, Robert & Oswald, Andrew J., 2001. "Preferences over inflation and unemployment: Evidence from surveys of happiness," ZEI Working Papers B 03-2001, ZEI - Center for European Integration Studies, University of Bonn.
  2. David G. Blanchflower & Andrew J. Oswald, 2000. "Well-Being Over Time in Britain and the USA," NBER Working Papers 7487, National Bureau of Economic Research, Inc.
  3. Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008. "Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 95-144, March.
  4. Andrén, Daniela & Martinsson, Peter, 2003. "What contributes to life satisfaction in transitional Romania?," Working Papers in Economics 111, University of Gothenburg, Department of Economics.
  5. Brown, Gordon D. A. & Gardner, Jonathan & Oswald, Andrew J. & Qian, Jing, 2005. "Does Wage Rank Affect Employees' Wellbeing?," IZA Discussion Papers 1505, Institute for the Study of Labor (IZA).
  6. Ada Ferrer-i-Carbonell & Paul Frijters, 2004. "How Important is Methodology for the estimates of the determinants of Happiness?," Economic Journal, Royal Economic Society, vol. 114(497), pages 641-659, 07.
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