Effects of Economic Freedom on Subjective Well-Being
Are people more likely to be satisfied with their lives if they had freedom from regulations, if they had the ability to trade freely internationally? In light of the demographic aging phenomenon we are facing, the present study analyzes the relationship between economic freedom and life satisfactio...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house
2023-03-01
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| Series: | Scientific Annals of Economics and Business |
| Subjects: | |
| Online Access: | http://saeb.feaa.uaic.ro/index.php/saeb/article/view/2014 |
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| _version_ | 1849313810786025472 |
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| author | Alexandra-Cristina Sirbu Andreea-Oana Iacobuță-Mihăiță Mircea Asandului Madalina-Maria Brezuleanu |
| author_facet | Alexandra-Cristina Sirbu Andreea-Oana Iacobuță-Mihăiță Mircea Asandului Madalina-Maria Brezuleanu |
| author_sort | Alexandra-Cristina Sirbu |
| collection | DOAJ |
| description | Are people more likely to be satisfied with their lives if they had freedom from regulations, if they had the ability to trade freely internationally? In light of the demographic aging phenomenon we are facing, the present study analyzes the relationship between economic freedom and life satisfaction among European older adults. In order to do so, we are using data from the European Health, Ageing, and Retirement Survey and Economic Freedom of the World. By using the ordered logit regression method, we estimated different models to identify how sub-indicators of economic freedom affect the subjective well-being. According to the findings, the quality of the institutions that define the legal system and establish rules for the protection of private property and sound monetary policy have a positive effect on subjective well-being. On the other hand, openness to international trade has a negative effect and government and regulation doesn’t show any significance. |
| format | Article |
| id | doaj-art-9bc5c152d77a47baa2b1f7d05ca77b7f |
| institution | Kabale University |
| issn | 2501-3165 |
| language | English |
| publishDate | 2023-03-01 |
| publisher | Editura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing house |
| record_format | Article |
| series | Scientific Annals of Economics and Business |
| spelling | doaj-art-9bc5c152d77a47baa2b1f7d05ca77b7f2025-08-20T03:52:38ZengEditura Universităţii „Alexandru Ioan Cuza” din Iaşi / Alexandru Ioan Cuza University of Iasi Publishing houseScientific Annals of Economics and Business2501-31652023-03-0170SI859710.47743/saeb-2023-00151045Effects of Economic Freedom on Subjective Well-BeingAlexandra-Cristina Sirbu0Andreea-Oana Iacobuță-Mihăiță1Mircea Asandului2Madalina-Maria Brezuleanu3Alexandru Ioan Cuza University of Iaşi, Faculty of Economics and Business Administration IaşiAlexandru Ioan Cuza University of Iaşi, Faculty of Economics and Business Administration IaşiAlexandru Ioan Cuza University of Iaşi, Faculty of Economics and Business Administration IaşiAlexandru Ioan Cuza University of Iaşi, Faculty of Economics and Business Administration IaşiAre people more likely to be satisfied with their lives if they had freedom from regulations, if they had the ability to trade freely internationally? In light of the demographic aging phenomenon we are facing, the present study analyzes the relationship between economic freedom and life satisfaction among European older adults. In order to do so, we are using data from the European Health, Ageing, and Retirement Survey and Economic Freedom of the World. By using the ordered logit regression method, we estimated different models to identify how sub-indicators of economic freedom affect the subjective well-being. According to the findings, the quality of the institutions that define the legal system and establish rules for the protection of private property and sound monetary policy have a positive effect on subjective well-being. On the other hand, openness to international trade has a negative effect and government and regulation doesn’t show any significance.http://saeb.feaa.uaic.ro/index.php/saeb/article/view/2014subjective well-beingeconomic freedomshareologitlife satisfaction. |
| spellingShingle | Alexandra-Cristina Sirbu Andreea-Oana Iacobuță-Mihăiță Mircea Asandului Madalina-Maria Brezuleanu Effects of Economic Freedom on Subjective Well-Being Scientific Annals of Economics and Business subjective well-being economic freedom share ologit life satisfaction. |
| title | Effects of Economic Freedom on Subjective Well-Being |
| title_full | Effects of Economic Freedom on Subjective Well-Being |
| title_fullStr | Effects of Economic Freedom on Subjective Well-Being |
| title_full_unstemmed | Effects of Economic Freedom on Subjective Well-Being |
| title_short | Effects of Economic Freedom on Subjective Well-Being |
| title_sort | effects of economic freedom on subjective well being |
| topic | subjective well-being economic freedom share ologit life satisfaction. |
| url | http://saeb.feaa.uaic.ro/index.php/saeb/article/view/2014 |
| work_keys_str_mv | AT alexandracristinasirbu effectsofeconomicfreedomonsubjectivewellbeing AT andreeaoanaiacobutamihaita effectsofeconomicfreedomonsubjectivewellbeing AT mirceaasandului effectsofeconomicfreedomonsubjectivewellbeing AT madalinamariabrezuleanu effectsofeconomicfreedomonsubjectivewellbeing |