Analyzing Dependency of Subjective Well-being in Developing Countries to Macroeconomic Factors

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NILI FARHAD; Babazadeh Khorasani Behzad; Shadkar Mohamad Saeid

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Journal: Journal of Economic Research Year:2015 | Volume:50 | Issue:1 Page(s): 21-48

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Information Journal Paper

Title

Analyzing Dependency of Subjective Well-being in Developing Countries to Macroeconomic Factors

Author(s)

NILI FARHAD | Babazadeh Khorasani Behzad | Shadkar Mohamad Saeid | Issue Writer Certificate

Keywords

Economics of happinessQ2

subjective wellQ2

beingQ2

InflationQ1

unemploymentQ2

developing countriesQ2

Abstract

In macroeconomic studies, social welfare is assumed as a function of Inflation and unemployment. Although the social welfare function which is dependent to unemployment and Inflation variables has been used widely in macroeconomic theories, but this relation needs to be tested through empirical observations. This paper, using variables such as to Economics of happiness area and subjective wellbeing data of 44 developing countries, shows the negative effect of unemployment and Inflation rate on subjective well-being of these countries. Also it has been shown that 1 percent increase in total unemployment rate has more effect in decreasing welfare than a one percent inrceose in Inflation rate.

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APA: Copy

NILI, FARHAD, Babazadeh Khorasani, Behzad, & Shadkar, Mohamad Saeid. (2015). Analyzing Dependency of Subjective Well-being in Developing Countries to Macroeconomic Factors. TAHGHIGHAT-E-EGHTESADI, 50(1 ), 21-48. SID. https://sid.ir/paper/11797/en

Vancouver: Copy

NILI FARHAD, Babazadeh Khorasani Behzad, Shadkar Mohamad Saeid. Analyzing Dependency of Subjective Well-being in Developing Countries to Macroeconomic Factors. TAHGHIGHAT-E-EGHTESADI[Internet]. 2015;50(1 ):21-48. Available from: https://sid.ir/paper/11797/en

IEEE: Copy

FARHAD NILI, Behzad Babazadeh Khorasani, and Mohamad Saeid Shadkar, “Analyzing Dependency of Subjective Well-being in Developing Countries to Macroeconomic Factors,” TAHGHIGHAT-E-EGHTESADI, vol. 50, no. 1 , pp. 21–48, 2015, [Online]. Available: https://sid.ir/paper/11797/en

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