Correlational finding on Happiness and Economic freedom
Subject code: N14ab02c

StudySachs (2016): study ZZ 2015
TitleHappiness and Sustainable Development: Concepts and Evidence.
SourceWorld Happiness Report, 2016, Vol.1, 56 - 65 , New York, USA
URLhttp://worldhappiness.report/wp-content/uploads/sites/2/2016/03/HR-V1Ch4_web.pdf
Public15+ aged, general public, 119 nations, 2015-2016
SampleProbability multistage stratified area sample
Non-Response
Respondents N =199000

Correlate
Author's labelIndex of Economic Freedom 2016
Page in Source 62
Our classificationEconomic freedom, code N14ab02c
Operationalization
a rule of law
   - property rights
   - no corruption
b government size
   - fiscal world
   - government spending
c regulatory efficiency
   - business freedom
   - labor freedom
   - monetary stability
d market openness
   - freedom of trade
   - freedom of investment
   - financial freedom
Remarks
Data by Heritage Foundation.

Observed Relation with Happiness
Happiness
Measure
StatisticsElaboration/Remarks
C-BW-c-sq-l-11-cb=+.07 p < .01
AVERAGE happiness by Index of Economic Freedom.

No controls
C-BW-c-sq-l-11-cb=+.01 ns
b controled for
- sustainable development goals index 
- global competitiveness index 2015-2016
- GDP per capita
- unemployment rate (IEF data set)
C-BW-c-sq-l-11-cRaČ=.36


Appendix 1: Happiness measures used
CodeFull Text
C-BW-c-sq-l-11-cSelfreport on single question:

Here is ladder representing the 'ladder of life'. Let's suppose the top of the ladder represents the best possible life for you; and the bottom, the worst possible life for you. On which step of the ladder do you feel you personally stand at the present time?
10 best possible
9
8
7
6
5
4
3
2
1
0 worst possible life

This question was followed (not preceded) by items on life 5 years ago and 5 years from now.


Appendix 2: Statistics used
SymbolExplanation
bREGRESSION COEFFICIENT (non-standardized) by LEAST SQUARES (OLS)
Type: test statistic
Measurement level: Correlate: metric, Happiness: metric
Theoretical range: unlimited

Meaning:
b > 0 A higher correlate level corresponds with a higher happiness rating on average.
B < 0 A higher correlate level corresponds with a lower happiness rating on average.
B = 0 Not any correlation with the relevant correlate.
RaČADJUSTED COEFFICIENT OF MULTIPLE CORRELATION
Type: descriptive statistic only
Measurement level: Correlates: all metric, Happiness: metric
Range: [0 ; 1]

Meaning:
Ra = 0 « not any association
Ra = 1 « strongest possible association
Source:
Ruut Veenhoven, World Database of Happiness, Collection of Correlational Findings, Erasmus University Rotterdam.
https://worlddatabaseofhappiness.eur.nl