Work detail

Cross-Country Analysis of Life Satisfaction

Author: Bc. Zuzana Stehlíková
Year: 2018 - summer
Leaders: PhDr. Radek Janhuba M.A., Ph.D.
Consultants:
Work type: Bachelors
Language: English
Pages: 91
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/191117/
Abstract: This thesis examines the relations between subjective well-being and economic, politic and
social characteristics of individual countries. We study the link between three components of
subjective well-being – life satisfaction, positive affect and negative affect and other country
characteristics. First, we use the dataset containing countries from almost all countries of the
whole world and then with a more detailed European dataset. For the analysis of life
satisfaction, panel data models are used. The results indicate that we are able to explain better
variation in life satisfaction by our set of explanatory variables in comparison with positive
affect and negative affect. In the former dataset, we discovered that the most important
determinants of life satisfaction are GDP per capita, health, freedom to make life choices,
political conditions and social support. In the latter, European dataset revealed a strong negative
correlation between tertiary education attainment and happiness. The results also indicate that
female representation in national parliament is an important predictor of life satisfaction in
European countries. This supports the idea that equality between men and women plays an
important role in developed societies.

Partners

Deloitte

Sponsors

CRIF
McKinsey
Patria Finance