Economics of happiness: subjective and objective well-being

Published 2017-04-18
Artículos

Abstract

This article aims at identifying the level of happiness of Colombian people from global observations, as well as defining  whether this well-being is subjective or objective. This research is based on data that was taken from the  World Happiness  Report  of  2014  and  the  World  Bank.  The  variables  that  determine  happiness  are  divided  into  macro  and  micro,  which   define objective and subjective data respectively. Among the most significant variables of the econometric model we can  find personal support, freedom and health, which means that happiness of Colombians, in a global view, is defined in the  subjective well-being.

Authors

  • Lina María Vega Lozano

  • Angie Natalie Osorio Rodríguez

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