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Title:What buys happiness? Analyzing trends in subjective well-being in 15 European countries, 1973 - 2002 PDF Logo
Authors:Bjørnskov, Christian
Gupta, Nabanita Datta
Pedersen, Peder J.
Issue Date:2005
Series/Report no.:IZA Discussion Papers 1716
Abstract:Trends in life satisfaction are examined across 15 European countries employing a modified version of Kendall's Tau. Analyses show that GDP growth relative to growth in the preceding period is a significant determinant of the trends; the same holds for the growth in life expectancy while the contemporaneous growth in the current account balance exerts a positive influence. Relative unemployment growth becomes significant when interacted with a measure of the long-run political ideology of the median voter. The effects of relative GDP growth vary with the political ideology variable.
Subjects:subjective well-being
economic factors
JEL:I31
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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