History of Events and Life-satisfaction in Transition Countries
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Using Life in Transition Survey data for
27 transition countries, the findings of this paper suggest
that higher life satisfaction is correlated with lesser
experience of unpleasant events such as labor market shock
or economic distress, mostly in the recent past. Social
capital such as trust, participation in civic groups, and
financial stability lead to higher satisfaction, whereas
lower relative position to a reference group leaves one with
lower life satisfaction. The paper also finds substantial
regional variation in life satisfaction between European,
Balkan, and lower and middle-income Commonwealth of
Independent States. Finally, after controlling for various
events that took place during the interview and the nature
of refusal of the respondents across countries, the authors
show that reported life satisfaction is lower if the
emotional state is negative during the interview.
Palabras clave
AGE GROUPS, AGED, BEREAVEMENT, COUNTRY LEVEL, CROSS-SECTION DATA, DECISION MAKING, DEMOCRACY, ECONOMIC GROWTH, EMPIRICAL ANALYSIS, EMPIRICAL APPLICATION, EMPIRICAL EVIDENCE, EMPIRICAL FINDINGS, EMPIRICAL MODEL, EMPIRICAL RESEARCH, EMPIRICAL WORK, EXERCISES, EXPENDITURE, EXPENDITURES, HEALTH SERVICES, HOUSEHOLD INCOME, HOUSEHOLD SIZE, HUMAN CAPITAL, INCOME, INCOME EFFECT, INCOME GROUPS, INCOME LEVEL, INCOME LEVELS, INCOMES, INEQUALITY, LABOR FORCE, LABOR FORCE PARTICIPATION, LABOR MARKET, LABOR SUPPLY, LIFE EVENTS, LOW INCOME, MARKET ECONOMY, MEASUREMENT ERROR, MEASUREMENT ERRORS, MEDIAN INCOME, MIGRATION, MUTUAL INSURANCE, NEGATIVE CORRELATION, NEGATIVE EFFECT, NEGATIVE SIGN, OLDER PEOPLE, PARTICULAR COUNTRY, PERSONALITY, POLICY DISCUSSIONS, POLICY RESEARCH, POLITICAL ECONOMY, POOR COUNTRIES, POPULATION SHARE, POSITIVE COEFFICIENT, POSITIVE CORRELATION, POSITIVE EFFECT, POVERTY REDUCTION, PRISONS, PSYCHOLOGISTS, PSYCHOLOGY, PSYCHOPHYSIOLOGY, PUBLIC ECONOMICS, PUBLIC GOODS, PUBLIC POLICY, QUALITY OF LIFE, REGIONAL DIFFERENCES, RELATIVE EARNINGS, RELATIVE INCOME, RELATIVE POSITION, RISK SHARING, SENSITIVITY ANALYSIS, SIBLINGS, SOCIAL CAPITAL, SOCIAL RESEARCH, STANDARD OF LIVING, UNEMPLOYED, UNEMPLOYMENT, UNEMPLOYMENT BENEFITS, VOLATILITY, WAGES, WORKERS, WOUNDS