Austrian Institute of Economic Research (WIFO), Vienna
Are people happier if they experience freedom from regulation, and how do individual attitudes towards liberalisation influence personal life satisfaction? Based on data from European and World Values Surveys and the Economic Freedom of the World project we find evidence for positive effects of low regulation and pro-market attitudes on life satisfaction. Paradoxically, people who are opposed to market oriented policies sometimes benefit most from deregulation.
government regulation life satisfaction attitudes ideology