Which Factors Most Affect Life Satisfaction in the Developed and Developing Countries in 2019?

Ivan FRANCISTI

https://doi.org/10.53465/EDAMBA.2022.9788022550420.109-117

 

Abstract: In this article, we focused on the economy of happiness. In the introduction, we discuss why it is important to deal with the economics of happiness as part of economic theory. We then looked at Easterlin's paradox. In the next part, we briefly characterized which factors can affect happiness and satisfaction with life. in the second part we deal with research that had an impact on satisfaction with life. As a sample, we took the countries of the world, which we divided according to the Human Development Index (HDI) into developing and developed (limit 0.8 points HDI). We drew on satisfaction with life from the World Happiness Report. All data are for the year 2019. In conclusion, we looked at which of the selected indicators are significant and have an impact on life satisfaction, whether in developing or developed countries.

Keywords: life satisfaction, happiness, developing, developed countries

JEL classification: B55, I31

Fulltext: PDF

Online publication date: 3 March 2023

ISBN: 978-80-225-5042-0

Publisher: University of Economics in Bratislava

Pages: 109-117

 

To cite this proceedings paper (STN ISO 690 and 690-2):

FRANCISTI, I. 2023. Which factors most affect life satisfaction in the developed and developing countries in 2019? In LÜLEYOVÁ, A. (ed.). EDAMBA 2022: Conference Proceedings. Bratislava: University of Economics in Bratislava, 2023. ISBN 978-80-225-5042-0, pp. 109-117. https://doi.org/10.53465/EDAMBA.2022.9788022550420.109-117