Output and Happiness: Positive Correlation: Difference between revisions

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There is a definite positive correlation to Output and Happiness.  To make this correlation easier to find we used the ‘GDP in a happiness Regressions’ equation, provided in the essay, The Macroeconomics of Happiness.”  
There is definitely a positive correlation to Output and Happiness.  To make this correlation easier to find we used the ‘GDP in a happiness Regressions’ equation, provided in the essay, The Macroeconomics of Happiness.”  
The equation is as follows:  
The equation is as follows:  



Latest revision as of 18:59, 8 April 2006

There is definitely a positive correlation to Output and Happiness. To make this correlation easier to find we used the ‘GDP in a happiness Regressions’ equation, provided in the essay, The Macroeconomics of Happiness.” The equation is as follows:

Description

  • HAPPYjit: well-being level reported by an individual ‘j’ in country ‘i’ in the year ‘t’
  • GDPit: Gross Domestic Product per capita in that country
  • PERSONALjit: Personal characteristics of respondents (income, marital status, education, employed/unemployed, age)