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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 …
Persistent link: https://www.econbiz.de/10011753109
Persistent link: https://www.econbiz.de/10003430182
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 …
Persistent link: https://www.econbiz.de/10003214381
Does economic freedom increase the utility of an average citizen? Public choice theory in particular has emphasized the shortcomings of governments and voting processes, and the advantages of relying on markets and individual decision making. However, an increasing amount of people are refusing...
Persistent link: https://www.econbiz.de/10009569583
It has been shown that higher levels of subjective well-being lead to greater work productivity, better physical health and enhanced social skills. Because of these positive externalities, policymakers across the world should be interested in attracting and retaining happy and life-satisfied...
Persistent link: https://www.econbiz.de/10010515268
This paper offers methodological comments on a recent (November 2014) Economic Journal article. The comments consider its use of a dynamic model - the inclusion of a lagged dependent variable - and its approach to estimation. By way of critique, the authors highlight general issues regarding...
Persistent link: https://www.econbiz.de/10011419154
Happy people are healthier and more creative, productive, and sociable. Because of these positive effects of happiness, it is in the interest of countries to attract and retain happy people. With respect to the decision to migrate, the central question becomes whether people who are happier and...
Persistent link: https://www.econbiz.de/10011421971
This short note seeks to replicate the quantile regression analysis in Binder and Coad (2011), but taking into account individual-specific fixed effects (using the BHPS data set). It finds declining effects of the four main variables of interest (health, social life, income, education) over the...
Persistent link: https://www.econbiz.de/10011285402
Persistent link: https://www.econbiz.de/10011286033
Persistent link: https://www.econbiz.de/10011374629