TY  - JOUR
AV  - public
SN  - 0305-750X
CY  - Amsterdam
Y1  - 2013///
TI  - Who Benefits from Economic Freedom? Unraveling
the Effect of Economic Freedom on Subjective Well-Being
KW  - economic freedom
KW  -  happiness
KW  -  life satisfaction
KW  -  government size
KW  -  institutions
UR  - https://archiv.ub.uni-heidelberg.de/volltextserver/16024/
ID  - heidok16024
JF  - World Development
A1  - Gehring, Kai
PB  - Elsevier Science
N2  - Who benefits from economic freedom? Results from a panel of 86 countries over the 1990?2005 period suggest that overall
economic freedom has a significant positive effect on subjective well-being. Its dimensions legal security and property rights, sound
money, and regulation are in particular strong predictors of higher well-being. The overall positive effect is not affected by socio-demographics;
the effects of individual dimensions vary, however. Developing countries profit more from higher economic freedom, in particular
from reducing the regulatory burden. Culture moderates the effect: societies that are more tolerant and have a positive attitude
toward the market economy profit the most.
EP  - 90
VL  - 50
SP  - 74
ER  -