Institutional determinants of subjective well-being in developing countries: Insights from Ethiopia

Tsegay Tekleselassie

Economics Bulletin, 2024, vol. 44, issue 4, 1573 - 1583

Abstract: This study investigates the factors contributing to subjective well-being (SWB) in developing countries, with Ethiopia as a case study. It examines institutional factors such as religion, trust, and political trust, alongside income measures and individual characteristics. Our analysis highlights distinct determinants of life satisfaction and happiness, emphasizing their unique drivers. Life satisfaction is strongly associated with factors such as religiosity and political governance, whereas happiness is primarily driven by welfare metrics like consumption. Future research should differentiate between life satisfaction and happiness to uncover the nuanced factors underlying human well-being."

Keywords: Subjective Wellbeing; Informal Institutions; Developing Countries (search for similar items in EconPapers)
JEL-codes: D6 Z1 (search for similar items in EconPapers)
Date: 2024-12-30
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