Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71096
Authors: 
Dluhosch, Barbara
Horgos, Daniel
Year of Publication: 
2012
Series/Report no.: 
Diskussionspapier, Helmut-Schmidt-Universität, Fächergruppe Volkswirtschaftslehre 115
Abstract: 
How globalization affects happiness is highly disputed. Several studies use an index that amalgamates globalization's different dimensions into a single variable. Unlike previous studies and in order to better illuminate its facets, we adopt a disaggregated perspective on trade (policy) data. Distinguishing actual trade flows and the option value of trade, we find the former to slightly depress happiness, the latter to significantly promote happiness. Segmentation of WVS-data shows that the positive connotation is concentrated in low-income countries still in the process of climbing the income ladder, thus backing the notion of a shift in values.
Subjects: 
Happiness
Well-Being
International Trade
JEL: 
F13
I31
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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