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Globalization's Winners and Losers - Evidence from Life Satisfaction Data, 1975 -2001

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  • Zohal Hessami

    () (Department of Economics, University of Konstanz, Germany)

Abstract

This paper analyzes the effect of globalization on subjective well-being by using a dataset that combines micro- and macro-level variables for the EU 15 countries from 1975 to 2001. The estimations provide evidence that – in line with theoretical predictions - globalization has benefited especially high-skilled workers, right-wing voters, respondents that trust the WTO, the World Bank, and the IMF as well as respondents in the highest income quartile. In addition, globalization has increased well-being to a higher extent for old people than for young people.

Suggested Citation

  • Zohal Hessami, 2011. "Globalization's Winners and Losers - Evidence from Life Satisfaction Data, 1975 -2001," Working Paper Series of the Department of Economics, University of Konstanz 2011-12, Department of Economics, University of Konstanz.
  • Handle: RePEc:knz:dpteco:1112
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    File URL: http://www.uni-konstanz.de/FuF/wiwi/workingpaperseries/WP_Hessami-12-11.pdf
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    References listed on IDEAS

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    1. Robert J. MacCulloch & Rafael Di Tella & Andrew J. Oswald, 2001. "Preferences over Inflation and Unemployment: Evidence from Surveys of Happiness," American Economic Review, American Economic Association, vol. 91(1), pages 335-341, March.
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    5. Axel Dreher, 2006. "Does globalization affect growth? Evidence from a new index of globalization," Applied Economics, Taylor & Francis Journals, vol. 38(10), pages 1091-1110.
    6. O'Rourke, Kevin Hjortshøj, 2003. "Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization," CEPR Discussion Papers 4018, C.E.P.R. Discussion Papers.
    7. Axel Dreher & Noel Gaston, 2008. "Has Globalization Increased Inequality?," Review of International Economics, Wiley Blackwell, vol. 16(3), pages 516-536, August.
    8. Zohal Hessami, 2010. "The Size and Composition of Government Spending in Europe and Its Impact on Well-Being," Kyklos, Wiley Blackwell, vol. 63(3), pages 346-382, August.
    9. Dutt, Amitava Krishna & Mukhopadhyay, Kajal, 2005. "Globalization and the inequality among nations: A VAR approach," Economics Letters, Elsevier, vol. 88(3), pages 295-299, September.
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    Cited by:

    1. repec:rom:campco:v:9:y:2013:i:1:p:210-219 is not listed on IDEAS
    2. Kaitlyn R. Wolf & Andrew T. Young, 2014. "Globalization and Income Convergence," Working Papers 14-07, Department of Economics, West Virginia University.
    3. Barbara Dluhosch & Daniel Horgos, 2013. "Trading Up the Happiness Ladder," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 113(3), pages 973-990, September.
    4. Thushyanthan Baskaran & Zohal Hessami, 2012. "Public education spending in a globalized world:," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(5), pages 677-707, October.
    5. repec:eee:poleco:v:52:y:2018:i:c:p:18-35 is not listed on IDEAS
    6. repec:spr:jhappi:v:18:y:2017:i:6:d:10.1007_s10902-016-9793-2 is not listed on IDEAS
    7. repec:bla:ecopol:v:29:y:2017:i:1:p:69-90 is not listed on IDEAS
    8. Berggren, Niclas & Nilsson, Therese, 2015. "Globalization and the transmission of social values: The case of tolerance," Journal of Comparative Economics, Elsevier, vol. 43(2), pages 371-389.
    9. Benjamin Schalembier, 2016. "The Impact of Exposure to Other Countries on Life Satisfaction: An International Application of the Relative Income Hypothesis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 128(1), pages 221-239, August.
    10. Florina BRAN & Carmen Valentina RÃDULESCU & Ildiko IOAN, 2013. "Globalization’S Progress In Eu: Territorial And Structural Changes," Proceedings of Administration and Public Management International Conference, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 9(1), pages 210-219, June.
    11. Guerriero, Marta & Sen, Kunal, 2012. "What Determines the Share of Labour in National Income? A Cross-Country Analysis," IZA Discussion Papers 6643, Institute for the Study of Labor (IZA).
    12. Jac C. Heckelman & Andrew T. Young, 2014. "How Global is Globalization?," Working Papers 14-08, Department of Economics, West Virginia University.

    More about this item

    Keywords

    life satisfaction; well-being; Globalization; Heckscher-Ohlin theorem;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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