Life Satisfaction and Preferences over Economic Growth and Institutional Quality.

This paper demonstrates that institutional factors have differential impacts on subjective well-being of individuals in rich versus poor countries. A lower level of corruption, a more democratic government and better civil rights increase the well-being of individuals in rich countries, whereas an i...

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Publicado en:Journal of Labor Research Vol. 38; no. 1; pp. 100 - 122
Autores principales: Altindag, Duha, Xu, Junyue
Formato: Artículo
Publicado: Springer Nature Mar2017
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        10.1007/s12122-016-9235-2
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        atl: Life Satisfaction and Preferences over Economic Growth and Institutional Quality.
      aug:
        au:
          Altindag, Duha
          Xu, Junyue
        affil:
          Department of Economics , Auburn University , Auburn 36849 USA
          Moody's Analytics , New York USA
      su:
        Economic development
        Happiness
        Satisfaction
        Well-being
        Civil rights
        Per capita
      sug:
        subj:
          Economic development
          Happiness
          Satisfaction
          Well-being
          Civil rights
          Per capita
      keyword:
        D6
        Economic growth
        I3
        Institutional quality
        JEL Codes
        Life satisfaction
        O1
        D6
        Economic growth
        I3
        Institutional quality
        JEL Codes
        Life satisfaction
        O1
      ab: This paper demonstrates that institutional factors have differential impacts on subjective well-being of individuals in rich versus poor countries. A lower level of corruption, a more democratic government and better civil rights increase the well-being of individuals in rich countries, whereas an increase in per capita income has no impact. On the contrary, in poor countries the extent of corruption, democracy or civil rights has no influence on happiness, but an increase in per capita income impacts happiness positively. We provide evidence that this stark contrast may be due to the difference of preferences over economic growth and institutional factors.
      pubtype: Academic Journal
      doctype: Article
      src: R
    language: English
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