%0 Report
        %A Bjørnskov, Christian
%A Gupta, Nabanita Datta
%A Pedersen, Peder J.
        %T What Buys Happiness? Analyzing Trends in Subjective Well-Being in 15 European Countries, 1973-2002
        %D 2005
        %8 2005 Aug
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1716
        %U https://www.iza.org/publications/dp1716
        %X 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 significant 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 the long-run political ideology of the median voter. The effects of relative GDP growth vary with the political ideology variable.
        %K subjective well-being
%K economic factors