Effects of Economic Freedom on Subjective Well-Being

IF 0.9 Q3 ECONOMICS

Scientific Annals of Economics and Business Pub Date : 2023-02-14 DOI:10.47743/saeb-2023-0015

A. Sirbu, Andreea IACOBUȚĂ-MIHĂIȚĂ, Mircea Asandului, M. Brezuleanu

引用次数: 1

Abstract

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.

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经济自由对主观幸福感的影响

如果人们不受监管，如果他们有能力在国际上自由贸易，他们是否更有可能对自己的生活感到满意？鉴于我们面临的人口老龄化现象，本研究分析了欧洲老年人的经济自由度与生活满意度之间的关系。为了做到这一点，我们正在使用来自欧洲健康、老龄化和退休调查以及世界经济自由的数据。通过使用有序logit回归方法，我们估计了不同的模型，以确定经济自由的子指标如何影响主观幸福感。根据调查结果，界定法律体系、制定保护私人财产规则和健全货币政策的机构的质量对主观幸福感有积极影响。另一方面，国际贸易开放具有负面影响，政府和监管没有表现出任何意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Scientific Annals of Economics and Business ECONOMICS-

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

10 weeks

期刊介绍： The Journal called Scientific Annals of Economics and Business (formerly Analele ştiinţifice ale Universităţii "Al.I. Cuza" din Iaşi. Ştiinţe economice / Scientific Annals of the Alexandru Ioan Cuza University of Iasi. Economic Sciences), was first published in 1954. It is published under the care of the Alexandru Ioan Cuza University, the oldest higher education institution in Romania, a place of excellence and innovation in education and research since 1860. Throughout its editorial life, the journal has been continuously improving. Renowned professors, well-known in the country and abroad, have published in this journal. The quality of the published materials is ensured both through their review by external reviewers of the institution and by the editorial staff that includes professors for each area of interest. The journal published papers in the following main sections: Accounting; Finance, Money and Banking; Management, Marketing and Communication; Microeconomics and Macroeconomics; Statistics and Econometrics; The Society of Knowledge and Business Information Systems.