Karadjova, Vera and Dicevska, Snezana and Trajkov, Aleksandar and Korunovski, Saso and Angelevska - Najdeska, Katerina (2026) Dissecting happiness: modeling economic determinants of subjective well-being in Europe and Central Asia. In: International Scientific Conference on Economics, Management and Information Technologies – ICEMIT 2025. 1, 2 . Toplica Academy of Applied Studies, Department of Business Studies Blace, Blace - Kuršumlijska Banja Serbia, pp. 37-49.
Full text not available from this repository.Abstract
This study investigates the economic determinants of subjective well-being across 49 countries in Europe and Central Asia. Using the Ladder score as a measure of life satisfaction, a multiple linear regression model was applied to assess the impact of key socioeconomic variables, including GDP per capita, unemployment, inflation, urbanization, income inequality (Gini coefficient), life expectancy, health expenditure per capita, and homeownership rates. The results reveal significant negative effects of unemployment and inflation on subjective well-being, while life expectancy and health expenditure per capita positively influence happiness levels. Urbanization and income inequality showed weaker or insignificant effects. These findings underscore the critical role of economic stability and public health investments in enhancing life satisfaction. This research provides a comprehensive, region-specific empirical assessment and valuable insights for policymakers aiming to improve citizens’ quality of life through targeted economic and social policies.
Keywords: happiness, subjective well-being, economic determinants, Europe and Central Asia, regression analysis
| Item Type: | Book Section |
|---|---|
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Divisions: | Faculty of Tourism and Hospitality |
| Depositing User: | Prof. d-r Vera Karadjova |
| Date Deposited: | 02 Feb 2026 10:08 |
| Last Modified: | 02 Feb 2026 10:08 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/11342 |
Actions (login required)
 |
View Item |