Output and Happiness: Positive Correlation: Difference between revisions
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There is a | 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:
- 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)