Bjørnskov, Christian; Dreher, Axel; Fischer, Justina A. V. - 2005
This paper empirically analyzes the question whether government involvement in the economy is conducive or detrimental … neoclassical economic theory, which predicts that government plays an unambiguously positive role for individuals’ quality of life … regulation, thereby harming voters’ quality of life. Our results show that life satisfaction decreases with higher government …