History of Events and Life-satisfaction in Transition Countries

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...

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Bibliographic Details
Main Authors:	Dabalen, Andrew, Paul, Saumik
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	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
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110110132406 http://hdl.handle.net/10986/3299

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Summary:	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.

History of Events and Life-satisfaction in Transition Countries

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