The contribution of the rule of law to subjective well-being
Keywords:
Subjective well-being, Life evaluation, Rule of law, Income level, Gallup World PollAbstract
There is increasing evidence that measures beyond economic indicators are needed to provide a more accurate picture of human well-being. One of these measures may be an indicator of institutional quality: the rule of law. The aim of this study is to analyse the influence that rule of law has on the subjective well-being of 128 countries. Using data from the World Justice Project and the Gallup World, results showed that, independent of the economic level of the country, there is room for improvement in subjective well-being via enhancement of the rule of law, giving special priority to first-order rights.
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