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Material Well-being and Happiness in Transition Countries (CROSBI ID 250695)

Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija

Družić, Marko ; Majstorović, Martina Material Well-being and Happiness in Transition Countries // Zagreb international review of economics & business, 20 (2017), 2; 21-32. doi: 10.1515/zireb-2017-0015

Podaci o odgovornosti

Družić, Marko ; Majstorović, Martina

engleski

Material Well-being and Happiness in Transition Countries

The purpose of this paper is to further the research of the connection between material well-being and happiness in transition economies. We analyzed panel data obtained from the World Database of Happiness and Eurostat. Our results indicate that out of all the major macroeconomic variables (GDP, employment, inflation, taxes etc.), the most significant (and the only stable) predictor of changes in happiness in transition countries is the level of employment. The results are consistent with a hypothesis of a still prevalent “socialist mentality” in the analyzed sample of countries which are all formerly socialist economies that typically place high (or full) employment as the highest economic priority (as opposed to GDP growth, low inflation etc.). Our results differ from the conclusions of the few studies done on this sample of countries, which suggests additional research on the subject is likely required.

material wellbeing ; hapiness ; transition countries

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Podaci o izdanju

20 (2)

2017.

21-32

objavljeno

1849-1162

10.1515/zireb-2017-0015

Povezanost rada

Ekonomija, Psihologija

Poveznice