Economic Freedom and Emotional Well-Being

Boris Nikolaev and Daniel L. Bennett

Journal of Regional Analysis and Policy, 2017, vol. 47, issue 01

Abstract: We explore the relationship between emotional well-being and economic freedom. Us-ing data for a sample of 12 countries from wave 2 of the World Value Survey (WVS) and the Economic Freedom of the World (EFW) index, we find that people living in more economi-cally free societies are more likely to report the presence of positive affect and absence of neg-ative affect. Specifically, people who live in countries with greater economic freedom are more likely to report feeling excited, accomplished, and on the top of the world. At the same time, they are less likely to report feeling pride, restlessness, loneliness, boredom, and being upset. These results are consistent with previous studies that find a positive association be-tween economic freedom and life satisfaction.

Keywords: Health Economics and Policy; Public Economics (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:jrapmc:293619

DOI: 10.22004/ag.econ.293619

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