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http://hdl.handle.net/10419/40939
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| Title: | | Subjective economic well-being in Eastern Europe  |
| Authors: | | Hayo, Bernd Seifert, Wolfgang |
| Issue Date: | | 2002 |
| Series/Report no.: | | Diskussionsbeiträge aus dem Fachbereich Wirtschaftswissenschaften, Universität - Gesamthochschule - Essen 120 |
| Abstract: | | This paper analyses subjective economic well-being in several Eastern European countries from 1991 to 1995. Economic well-being explains a significant part of the variation in overall life satisfaction of Eastern Europeans. In an ordered logit model, the determinants of subjective economic well-being are analysed. Some results are very similar to typical findings in happiness regressions, such as a negative but u-shaped age effect, positive influences of education and relative income position, as well as a negative effect of unemployment. Differing results were found with regard to gender and marital status. Finally, comparing indicators of objective and subjective well-being on a macro level indicates that using a standard macro variable for crosscountry comparisons in well-being, such as real GDP per capita, may provide misleading results during the early stages of transformation. |
| Subjects: | | Eastern Europe economic well-being happiness economic transformation |
| JEL: | | D31 D60 I31 O52 P2 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IBES Diskussionsbeiträge, Universität Duisburg-Essen
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