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GEMF

Grupo de Estudos Monetários e Financeiros

Estudos do GEMF, N.º 16 de 2014

   

Determinants of Subjective Well-Being in Portugal:

A Micro-Data Study

(Social Indicators Research, Forthcoming.)


Sara Ramos

Faculdade de Economia, Universidade de Coimbra

Elias Soukiazis
Faculdade de Economia, Universidade de Coimbra e GEMF


Abstract:
The Subjective Well-Being status has gained a growing research attention in social sciences during the last decades. The attention given by the academic world to this issue has been followed by the community in general. This line of research is still undeveloped in Portugal, and therefore needs further investigation. The purpose of this study is to analyze the determinants of Life Satisfaction and Happiness as proxies for Subjective Well-Being of the Portuguese citizens using micro-data from the European Quality of Life Survey. OLS regressions and Ordinal Logistic models are estimated to identify the main factors that explain well-being in Portugal. We find that trust in public institutions, satisfaction with material conditions, volunteering activities and employment status have a positive and significant effect on Life Satisfaction. Our evidence also shows that satisfaction with family, satisfaction with material conditions, participation in sport activities, optimism and the marital status are relevant factors in explaining citizen’s Happiness in Portugal. The results are similar using OLS or Maximum Likelihood estimation techniques on ordinal logistic models.


JEL Classification: C1, C25, M14, I31.


Keywords: Happiness, Life Satisfaction, Subjective Well-Being, Ordinal Logit Models, Factor Analysis.

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