Determinants of subjective well-being in high and low income countries: Do happiness equations differ across countries?

Francesco Sarracino

Research output: Contribution to journalArticlepeer-review

Abstract

Highlights
- Present work tests the cross-country comparability of a happiness equation including proxies of social capital and relational goods.
- It focuses on two extremely opposite groups of countries: the richest and the poorest ones.
- The happiness equation is stable in the two groups of countries.
- Proxies of relational goods are positively correlated with subjective well-being.
- Social capital is a significant correlate of subjective well-being with stronger coefficients in high income countries.
Original languageEnglish
Pages (from-to)51-66
Number of pages16
JournalJournal of Behavioral and Experimental Economics
Volume42
DOIs
Publication statusPublished - Feb 2013

Keywords

  • Happiness equation
  • Easterlin paradox
  • Subjective well-being
  • Life satisfaction
  • Social capital
  • Relational goods
  • Oaxaca decomposition

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