Does Happiness Converge?

Journal of Happiness Studies, Volume 16, Issue 1, pp 67-76

Posted: 8 Apr 2014 Last revised: 3 Feb 2016

See all articles by Nicholas Apergis

Nicholas Apergis

University of Piraeus; University of Derby

Yannis Georgellis

University of Kent

Date Written: 2015

Abstract

Using the Phillips and Sul (Econometrica 75:1771-1855, 2007) club convergence and clustering procedure, we examine happiness convergence dynamics across Europe. Although we reject the hypothesis of full convergence, we find evidence of distinct happiness convergence clubs. Against the background of a weak link between income and happiness in the existing literature, we advocate that happiness convergence is a legitimate policy goal on its own right as well as a useful barometer of changes in the political landscape, societal values, and citizens’ sentiments about developments in the European Union.

Keywords: Panel convergence, Happiness, Life satisfaction, European Union

JEL Classification: E6, C23

Suggested Citation

Apergis, Nicholas and Georgellis, Yannis, Does Happiness Converge? (2015). Journal of Happiness Studies, Volume 16, Issue 1, pp 67-76. Available at SSRN: https://ssrn.com/abstract=2421096

Nicholas Apergis (Contact Author)

University of Piraeus ( email )

Karaoli and Dimitriou 80
80 KARAOLI & DIMITRIOU STREET
Piraeus, Attiki 18534
Greece

University of Derby ( email )

Kedleston Road
Derby, Derbyshire DE22 1GB
United Kingdom

Yannis Georgellis

University of Kent ( email )

Canterbury, Kent CT2 7PE
United Kingdom

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