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
Englisch

Erschienen in
Series: SSE/EFI Working Paper Series in Economics and Finance ; No. 699

Klassifikation
Wirtschaft
Structure and Scope of Government: General
Publicly Provided Goods: General
General Welfare; Well-Being
Thema
Happiness
Well-Being
institutions
policy implications
democracy
rule of law
government efficiency
Lebensqualität
Zufriedenheit
Institutionelle Infrastruktur
Institutionalismus
Welt

Ereignis
Geistige Schöpfung
(wer)
Bjørnskov, Christian
Dreher, Axel
Fischer, Justina A. V.
Ereignis
Veröffentlichung
(wer)
Stockholm School of Economics, The Economic Research Institute (EFI)
(wo)
Stockholm
(wann)
2008

Handle
Letzte Aktualisierung
20.09.2024, 08:24 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Bjørnskov, Christian
  • Dreher, Axel
  • Fischer, Justina A. V.
  • Stockholm School of Economics, The Economic Research Institute (EFI)

Entstanden

  • 2008

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