Working Paper: NBER ID: w9065
Authors: John F. Helliwell
Abstract: This paper attempts to explain international and inter-personal differences in subjective well-being over the final fifth of the twentieth century. The empirical work makes use of data from three waves of the World Values survey covering about fifty different countries. The analysis proceeds in stages. First there is a brief review of some reasons for giving a key role to subjective measures of well-being. This is followed by a survey of earlier empirical studies, a description of the main variables used, a report of results and tests, and discussion of the links among social capital, education, income and well-being. The main innovation of the paper, relative to earlier studies of subjective well-being, lies in its use of large international samples of data combining individual and societal level variables, thus permitting the simultaneous identification of individual-level and societal-level determinants of well-being. This is particularly useful in identifying the direct and indirect linkages between social capital and well-being.
Keywords: No keywords provided
JEL Codes: F0; I0; Z0; J1
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| individual health status (I12) | life satisfaction (I31) |
| income (E25) | life satisfaction (I31) |
| social capital (Z13) | life satisfaction (I31) |
| education (I29) | life satisfaction (I31) |