Globalization's Winners and Losers - Evidence from Life Satisfaction Data, 1975 - 2000

Zohal Hessami

MPRA Paper from University Library of Munich, Germany

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 2000. The estimations provide evidence that - in line with theoretical predictions - globalization has benefited especially high-skilled workers, right-wing voters, and people in the highest income quartile. On the other hand, 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)
Date: 2009-10-11
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:26412

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