Arbeitspapier
Formal institutions and subjective well-being: Revisiting the cross-country evidence
A long tradition in economics explores the association between the quality of formal institutions and economic performance. The literature on the relationship between such institutions and happiness is, however, rather limited. In this paper, we revisit the findings from recent cross-country studies on the institutions-happiness association. Our findings suggest that the conclusions reached by previous studies are fairly sensitive to the specific measure of 'happiness' used. In addition, the results indicate that the welfare effects of policies may differ across phases of a country's economic development. This bears important policy implications which we discuss in the concluding section of the paper.
- Sprache
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Englisch
- Erschienen in
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Series: SSE/EFI Working Paper Series in Economics and Finance ; No. 699
Structure and Scope of Government: General
Publicly Provided Goods: General
General Welfare; Well-Being
Well-Being
institutions
policy implications
democracy
rule of law
government efficiency
Lebensqualität
Zufriedenheit
Institutionelle Infrastruktur
Institutionalismus
Welt
Dreher, Axel
Fischer, Justina A. V.
- Handle
- Letzte Aktualisierung
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20.09.2024, 08:24 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Bjørnskov, Christian
- Dreher, Axel
- Fischer, Justina A. V.
- Stockholm School of Economics, The Economic Research Institute (EFI)
Entstanden
- 2008