Measuring the Impact of Education on Happiness in OECD Countries
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Authors
Holladay, Theron
Pritchett, Daniel
Sansone, Wade
Issue Date
2022-04-22
Type
Presentation
Language
en_US
Keywords
Scholarship Sewanee 2022 , Happiness , Education , Economics
Alternative Title
Abstract
Education is understood to generate important financial and non-pecuniary benefits at the individual level (Cuñado, & de Gracia, 2012). This has led most countries to commit substantial resources towards the education of their people. However, it is unclear whether education contributes to happiness at a national level. Using a panel of data from OECD countries for 2006 to 2018, we use fixed effects regression to study the impact of education on national happiness. When controlling for other factors that affect happiness including average household income, life expectancy, and presence of social support networks, we find that education achievement is not a statistically significant predictor of happiness within OECD nations.
Description
Citation
Publisher
University of the South