The influence of macroeconomic conditions and institutional quality on national levels of life satisfaction

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Title: The influence of macroeconomic conditions and institutional quality on national levels of life satisfaction
Authors: Walsh, Brendan M.
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Date: Mar-2012
Abstract: Answers to the Eurobarometer question on Life Satisfaction are used to explore the effects of macroeconomic performance and institutional quality on average levels of self-assessed well-being in the countries of the enlarged European Union between 2004 and 2011. It is found that variations in national levels of life satisfaction can largely be accounted by a small number of socio-economic indicators. Life satisfaction is lowest in poor, corrupt countries where income inequality is pronounced. The adverse effect of higher unemployment on life satisfaction is partially offset by the positive impact of lower inflation. However, even when these factors are allowed for, significant country-level differences persist.
Funding Details: Not applicable
Type of material: Working Paper
Publisher: University College Dublin. School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP12/08
Keywords: Life satisfactionLiving standardsUnemploymentInflationCorruptionIncome inequality
Subject LCSH: Satisfaction--European Union countries
Cost and standard of living--European Union countries
Unemployment--European Union countries
Inflation (Finance--European Union countries
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Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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