Output and Happiness: Positive Correlation
From Dickinson College Wiki
Jump to navigationJump to search
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)
