Happiness and Economic Systems

Frederic Pryor
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Frederic Pryor: Economics Department, Swarthmore College, 500 College Avenue, Swarthmore, PA 19081, USA

Comparative Economic Studies, 2009, vol. 51, issue 3, 367-383

Abstract: Various international comparisons of subjective well-being show that the average level of happiness in a nation is significantly related to its political institutions. Examining a sample of industrialised market economics, this paper explores whether the same relationship holds for economic institutions as well. Holding other determinants of happiness constant, no significant relationships between happiness and type of economic system are found. Some conjectures explaining this asymmetry between happiness and economic and political systems are explored. Comparative Economic Studies (2009) 51, 367–383. doi:10.1057/ces.2009.5; published online 21 May 2009

Date: 2009
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