eprintid: 16024
rev_number: 30
eprint_status: archive
userid: 974
dir: disk0/00/01/60/24
datestamp: 2014-11-18 09:25:19
lastmod: 2021-07-14 15:05:51
status_changed: 2014-11-18 09:25:19
type: article
metadata_visibility: show
creators_name: Gehring, Kai
title: Who Benefits from Economic Freedom? Unraveling
the Effect of Economic Freedom on Subjective Well-Being
subjects: ddc-300
divisions: i-181000
keywords: economic freedom, happiness, life satisfaction, government size, institutions
abstract: 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.
date: 2013
publisher: Elsevier Science
id_scheme: DOI
id_number: 10.11588/heidok.00016024
ppn_swb: 1653482974
own_urn: urn:nbn:de:bsz:16-heidok-160243
language: eng
bibsort: GEHRINGKAIWHOBENEFIT2013
full_text_status: public
publication: World Development
volume: 50
place_of_pub: Amsterdam
pagerange: 74-90
issn: 0305-750X
citation:   Gehring, Kai  (2013) Who Benefits from Economic Freedom? Unraveling the Effect of Economic Freedom on Subjective Well-Being.  World Development, 50.  pp. 74-90.  ISSN 0305-750X     
document_url: https://archiv.ub.uni-heidelberg.de/volltextserver/16024/7/1-s2.0-S0305750X13001150-main.pdf