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| Tsegay Tekleselassie |
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| ''Institutional determinants of subjective well-being in developing countries: Insights from Ethiopia'' |
| ( 2024, Vol. 44 No.4 ) |
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| This study investigates the factors contributing to subjective well-being (SWB) in developing countries, with Ethiopia as a case study. It examines institutional factors such as religion, trust, and political trust, alongside income measures and individual characteristics. Our analysis highlights distinct determinants of life satisfaction and happiness, emphasizing their unique drivers. Life satisfaction is strongly associated with factors such as religiosity and political governance, whereas happiness is primarily driven by welfare metrics like consumption. Future research should differentiate between life satisfaction and happiness to uncover the nuanced factors underlying human well-being." |
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| Keywords: Subjective Wellbeing, Informal Institutions, Developing Countries |
JEL: D6 - Welfare Economics: General
Z1 - Cultural Economics; Economic Sociology; Economic Anthropology: General |
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| Manuscript Received : Jul 16 2024 | | Manuscript Accepted : Dec 30 2024 |
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