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Investigating the determinants of happiness index in EU-27 countries: a quantile regression approach

Ali İhsan Akgun (Department of Health Management, Ankara Yildirim Beyazit University, Ankara, Turkey)
Serap Pelin Türkoğlu (Department of Management Program, Ankara Yildirim Beyazit University, Ankara, Turkey)
Süheyla Erikli (Department of Management and Organization Program, Ankara Yildirim Beyazit University, Ankara, Turkey)

International Journal of Sociology and Social Policy

ISSN: 0144-333X

Article publication date: 18 March 2022

Issue publication date: 14 February 2023

461

Abstract

Purpose

This paper examines the determinants of happiness index ratings in European countries over 8 time points using unique data from the Eurostat, World Bank and World Happiness Reports.

Design/methodology/approach

To examine the determinants of happiness index ratings for EU-27 countries over the period 2012–2019, panel ordinary least square and quantile regression model are used to data obtained from all sample.

Findings

Evidence from European data on happiness index generate some important key outcomes; economic outcomes levels with both current taxes and inflation rate have a positively relationship on happiness index ratings (HIR), while total employment rate has a significant negativity on HIR. Additionally, in a quantile panel regression of 27 countries, the impact of financial inclusion on happiness index looks to change with a country's level of income. On the macroeconomic level, gross domestic product (GDP) improves the happiness index for the individual under certain conditions. Thus, GDP on 0.25th quantile levels positively and significantly impacts the HIR for leader countries.

Social implications

Empirical evidence suggests that macro-economic variables and the labor market proxies of the countries play a key role in determining HIR as well.

Originality/value

The study extends the literature on developed countries and suggestions a particular perspective on the relationship between economic outcomes and happiness index. This study offers two main originalities: it simultaneously examines the “happiness-macroeconomic level” and “happiness-employment status dimension”, and it uses a quantile regression approach, including financial inclusion variation.

Keywords

Citation

Akgun, A.İ., Türkoğlu, S.P. and Erikli, S. (2023), "Investigating the determinants of happiness index in EU-27 countries: a quantile regression approach", International Journal of Sociology and Social Policy, Vol. 43 No. 1/2, pp. 156-177. https://doi.org/10.1108/IJSSP-01-2022-0005

Publisher

:

Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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