Happiness in Transition: An Empirical Study on Eastern Europe

Posted: 12 Jul 2007

See all articles by Bernd Hayo

Bernd Hayo

University of Marburg - School of Business & Economics

Abstract

This paper analyzes the determinants of life satisfaction in a pooled data set of representative individual survey data from seven East European countries collected during the early phase of economic and political transformation using ordered logit models. Those core socio-demographic and economic variables relevant in the US and West European countries have a similar impact on happiness in Eastern Europe under a condition of dramatic economic, political, and social change. The individual effects of variables across countries are not statistically different from the results obtained from the pooled data set. Cross-country differences in aggregate happiness can be explained well by variations in the unemployment rates, the degree of political freedom and the human development index.

Keywords: Happiness, Well-being, Transition countries, Eastern Europe

JEL Classification: D60, I31, P2

Suggested Citation

Hayo, Bernd, Happiness in Transition: An Empirical Study on Eastern Europe. Economic Systems, Vol. 31, No. 2, 2007. Available at SSRN: https://ssrn.com/abstract=998449

Bernd Hayo (Contact Author)

University of Marburg - School of Business & Economics ( email )

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Marburg, D-35032
Germany
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