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Globalization's Winners and Losers - Evidence from Life Satisfaction Data, 1975 -2001

Zohal Hessami

No 2011-12, Working Paper Series of the Department of Economics, University of Konstanz from Department of Economics, University of Konstanz

Abstract: This paper analyzes the effect of globalization on subjective well-being by using a dataset that combines micro- and macro-level variables for the EU 15 countries from 1975 to 2001. The estimations provide evidence that – in line with theoretical predictions - globalization has benefited especially high-skilled workers, right-wing voters, respondents that trust the WTO, the World Bank, and the IMF as well as respondents in the highest income quartile. In addition, globalization has increased well-being to a higher extent for old people than for young people.

Keywords: life satisfaction; well-being; Globalization; Heckscher-Ohlin theorem (search for similar items in EconPapers)
JEL-codes: F15 F16 I31 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2011-05-16
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

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Journal Article: Globalization's winners and losers--Evidence from life satisfaction data, 1975-2001 (2011) Downloads
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