Age characteristics of the happy life in Russia and Europe: The econometric approach

Lilia Rodionova

Applied Econometrics, 2015, vol. 40, issue 4, 64-83

Abstract: The comparative analysis of the age impact on the happiness in Russia and European countries were conducted. The European Social Survey data for 29 countries in 2012 were used. On the basis of the ordered logistic regression U-relationship between age and happiness were obtained for each analyzed countries. By using cluster analysis all countries were divided into several groups, in which the age effect varies greatly. Russia was in a cluster of countries where the level of happiness continues to decline for the older age group (over 60 years). The socio-economic determinants of happiness were also analyzed in different age groups. Income satisfaction and health status were more significant characteristics.

Keywords: life satisfaction; happiness; econometric modeling; age groups (search for similar items in EconPapers)
JEL-codes: C15 C35 C38 I31 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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