Formal institutions and subjective well-being : Revisiting the cross-country evidence

  title={Formal institutions and subjective well-being : Revisiting the cross-country evidence},
  author={Axel Dreher and Justina A. V. Fischer},
A long tradition in economics explores the association between the quality of formal institutions and economic performance. The literature on the relationship between such institutions and happiness is, however, rather limited, and inconclusive. In this paper, we revisit the findings from recent cross-country studies on the institutions-happiness association. Our findings suggest that their conclusions are qualitatively rather insensitive to the specific measure of ‘happiness’ used, while the… CONTINUE READING

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