Trends in life satisfaction are examined across 15 European countries employing a modified version of Kendall's Tau. Analyses show that GDP growth relative to growth in the preceding period is a determinant of the trends; the same holds for the growth in life expectancy while the contemporaneous growth in the current account balance exerts a positive influence. Relative unemployment growth becomes significant when interacted with a measure of political ideology. The effects of relative GDP growth vary with median ideology.
Happiness; Life Satisfaction
Main Research Area:
Happiness, Economics, and Interpersonal Relationships, 2004