nep-hap New Economics Papers
on Economics of Happiness
Issue of 2018‒04‒09
three papers chosen by
Viviana Di Giovinazzo
Università degli Studi di Milano-Bicocca

  1. Self-Employment and Well-Being Across Institutional Contexts By Michael Fritsch; Alina Sorgner; Michael Wyrwich
  2. Nivel de riqueza regional, bienestar y desarrollo. By Prada, Albino; Sanchez-Fernandez, Patricio
  3. How Much Does Others' Protection Matter? Employment Protection, Future Labour Market Prospects and Well-Being By Christine Lücke; Andreas Knabe

  1. By: Michael Fritsch (FSU Jena); Alina Sorgner (FSU Jena); Michael Wyrwich (FSU Jena)
    Abstract: This paper investigates whether the relationship between a person's occupational sta- tus and well-being differs across countries with varying institutional contexts. We find that the relationship between job- and life satisfaction of self-employed people as well as of paid employees varies considerably across countries. Our results indicate that entrepreneurship-friendly institutions in a country are conducive to the well-being of self-employed. Remarkably, the quality of entrepreneurial institutions also increases the levels of well-being of paid employees, but the effect is more pronounced for the self-employed.
    Keywords: Entrepreneurship, institutions, well-being, life satisfaction, job satisfaction
    JEL: L26 I31 D01 D91 P51
    Date: 2018–03–28
  2. By: Prada, Albino; Sanchez-Fernandez, Patricio
    Abstract: In this paper an analysis of the level of wealth of the Spanish regions is made, taking from the results of the Social Welfare Index carried out by the Valencian Institute of Economic Research (IVIE) and the BBVA Foundation. For this purpose, this indicator is compared with two other synthetic indicators of development and well-being. The results allow us to verify the differences in transformation of wealth into development between the different regions.
    Keywords: Synthetic indicators, wealth, welfare, development, Social Welfare Index, Spain
    JEL: E01 H53 I31
    Date: 2018–03
  3. By: Christine Lücke; Andreas Knabe
    Abstract: Employment protection legislation (EPL) is an important determinant of workers’ perceived future labour market prospects as well as their subjective well-being. Recent studies indicate that it is not only a worker’s own level of protection, but also the employment protection of other workers that matters for individual prospects and well-being. We contribute to this literature by examining how such cross-effects on well-being are mediated by a workers’ perceived risk of job loss and future employability. We apply a structural model to data from the Third Wave of the European Quality of Life Survey, combined with summary indices from the OECD Employment Protection Database. Our results are indicative of cross-effects. Stricter protection for permanent workers (stricter regulation on the length and number of renewals of fixed-term contracts) is associated with lower (higher) perceived employability for both permanent workers and fixed-term workers. In addition, stricter protection for permanent workers is positively related to fixed-term workers’ perceived risk of job loss. We do find some evidence that EPL has significant indirect (cross-)effects on life satisfaction via the mediators. There are no indications for direct, non-mediated effects.
    Keywords: employment protection, employability, risk of job loss, life satisfaction
    JEL: J28 J68
    Date: 2018

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