• No results found

Economic hardship, institutions and subjective well-being in Latin America

N/A
N/A
Protected

Academic year: 2022

Share "Economic hardship, institutions and subjective well-being in Latin America"

Copied!
1
0
0

Bezig met laden.... (Bekijk nu de volledige tekst)

Hele tekst

(1)

U.S.E. Research Institute Working Paper Series 21-06

Economic hardship, institutions and subjective well-being in Latin America

Tina W. Dulam, Yolanda Grift, and Annette van den Berg

Utrecht University School of Economics Utrecht University

March 2021

Abstract

We use the 2016-17 wave of the LAPOP AmericasBarometer survey to investigate the relationship between economic hardship and subjective well-being (SWB) for Latin America. In addition, we analyze whether the negative effect of economic hardship on SWB can be mitigated by immaterial resources rather than material resources. Analogous to Reeskens and Vandecasteele (2017) regarding Europe, we compare the impact of the institutions social trust, religiosity, and confidence in politics with the impact of welfare state expenditures in Latin America. Our results also show that economic hardship has a negative effect on subjective wellbeing. In contrast to the findings for Europe, the negative effect of economic hardship can be strengthened or attenuated depending on the degree of religiosity and

trustworthiness of the community. The moderating effect of confidence in politics was not found. Concerning the moderating influence of welfare state expenditure, our findings are partly in line with the results for Europe. In Europe a larger social welfare state suppresses the informal institutions social contacts and confidence in politics whereas in Latin America a larger social welfare state overturns

interpersonal trust (as a proxy for social contacts) and religiosity. Hence, we also

find evidence for the crowding out hypothesis, namely that in more generous

welfare states one is less dependent on their immaterial resources for finding

happiness.

Referenties

GERELATEERDE DOCUMENTEN

The effects of normative institutional dimension of a developing country environment over foreign firms is explored by hypothesis 2, which states that foreign firms are

My results show that the effect of economic freedom on life satisfaction is positive and statistically significant, and furthermore indicates that the quality of

1) Die eerste agtien ver se is ·n inleidende kompendium, dit wil s~: 'r1 kart, ge dronge sametrekking van die sentrale motiewe en boodskap van die geskrif in

Not enough participants had an IQ score to provide so we could not test the predicting effect of intelligence on success in the main task, even though it is believed to be a factor

This research will investigate if the individual level conditions: employees, gender and nature of self- employment are significant factors altering the relationship

To be able to both include financial and social objectives in a SFA, I am estimating the cost and profit functions with gross loan portfolio and number of active borrowers as

I try to explain the variance in the coefficients on social trust with variables that are known to affect levels of social trust, such as economic freedom, income inequality,

Research based on other variables did not yield any strong indications in favour of the existence of a significant relationship between the quality of social life and