The Geography of Economics and Happiness
This paper investigates the spatial pattern of the e®ects of eco- nomic conditions on subjective well-being, using a large sample of in- dividuals from 81 countries throughout the world. We ¯nd evidence of substantial spatial heterogeneity and spatial dependence in the cross- country distribution of the e®ects of income and unemployment on happiness. We examine the impact of macroeconomic conditions on country-level sensitivities of subjective well-being to microeconomic conditions. The e®ect of income on well-being is found to be signif- icantly stronger in countries with lower GDP per capita and higher unemployment rate. The e®ect of unemployment on well-being is in- stead signi¯cantly stronger in countries with higher GDP per capita and higher unemployment rate.
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| Length: | 26 pages |
| Date of creation: | Jun 2008 |
| Date of revision: | Jun 2008 |
| Handle: | RePEc:mib:wpaper:140 |
| Contact details of provider: | Postal: Phone: +39 02 6448 3089 Fax: +39 02 6448 3085 Web page: http://dipeco.economia.unimib.itEmail: More information through EDIRC
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References listed on IDEAS
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