The Relationship of Social Network and Employment to People's Life Satisfaction — Based on the Empirical Analysis of OECD Countries

Abstract

With economic development and social progress, people's life satisfaction has become the focus of economists. Based on the Better life index data of OECD countries from 2013 to 2016, this paper analyzes the impact of social network, employment rate and other macroeconomic factors influencing people's life satisfaction. The results show that both social network and employment rate have a significant impact on people's life satisfaction in OECD countries, and the expansion of social network and the increase of employment rate will improve people's life satisfaction level. The study also finds that family income had little effect on life satisfaction in developed countries such as the OECD. At the same time, this paper also puts forward some suggestions to improve people's life satisfaction in China. Keywords—social network; employment rate; life satisfaction; OECD