{"id":119546,"date":"2024-01-22T22:35:37","date_gmt":"2024-01-22T21:35:37","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/119546\/"},"modified":"2024-11-07T05:05:42","modified_gmt":"2024-11-07T04:05:42","slug":"free-to-choose-economic-freedom-relative-income-and-life-control-perceptions-2","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/119546\/","title":{"rendered":"Free to Choose? Economic Freedom, Relative Income, and Life Control Perceptions"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-119546","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"Recent research has shown that the degree to which people feel they are in control of their lives is an important correlate of individual happiness, where those that feel more in control are also found to be systematically happier. In turn, the economic sources of perceived life control are only insignificantly established in the relevant literature. The present paper employs individual data from the most recent version of the World Value Survey, covering the period from 1981 to 2013, to establish the macro-determinants of individual life control. We find that living in a country with high overall economic freedom is a major determinant of feeling in control of one's own life. The effect is very similar for individuals in high and low income countries, while the impact of democracy is negligible in both cases. Interacting relative income with economic freedom, we find that \u2013 contrary to conventional wisdom \u2013 it is by far the lower income groups that derive the biggest gain of perceived life control from living in a country with comparatively high economic freedom.","onlinedate":"2014-11-11 12:00:00","lang":"English","publication_series":"","publication_date":"20141101","publication_date_year":"","publication_date_full":false,"publication_num_pages":"31","keywords":"[\"Democracy\",\"Economic institutions\",\"Locus of control\",\"Well-Being\"]","jelcodes":"[]","related_publications":"[]","pdf":354317,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"482","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2014-11-11 12:00:00","types":[44410],"research_groups":[3500],"collaboration":"","persons":[3792,15391],"persons_data":"[{\"personId\":3792,\"personName\":\"Hans Pitlik\",\"organisationNames\":[]},{\"personId\":15391,\"personName\":\"Martin Rode\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Pitlik, H.<\\\/span>, &amp; Rode, M. (2014). <span>Free to Choose? Economic Freedom, Relative Income, and Life Control Perceptions<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (482). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/50648\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/50648<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Pitlik H<\\\/span>, Rode M. <span class=\\\"title\\\"><span>Free to Choose? Economic Freedom, Relative Income, and Life Control Perceptions<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2014 Nov;(482).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{63cf252e74b64556a6e607a83bb3b280,<\\\/div><div>  title    = \\\"Free to Choose? Economic Freedom, Relative Income, and Life Control Perceptions\\\",<\\\/div><div>  abstract = \\\"Recent research has shown that the degree to which people feel they are in control of their lives is an important correlate of individual happiness, where those that feel more in control are also found to be systematically happier. In turn, the economic sources of perceived life control are only insignificantly established in the relevant literature. The present paper employs individual data from the most recent version of the World Value Survey, covering the period from 1981 to 2013, to establish the macro-determinants of individual life control. We find that living in a country with high overall economic freedom is a major determinant of feeling in control of one's own life. The effect is very similar for individuals in high and low income countries, while the impact of democracy is negligible in both cases. 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Economic Freedom, Relative Income, and Life Control Perceptions<\\\/p><p>AU  - Pitlik, Hans<\\\/p><p>AU  - Rode, Martin<\\\/p><p>N1  - Economic Freedom, Relative Income ...<\\\/p><p>PY  - 2014\\\/11<\\\/p><p>Y1  - 2014\\\/11<\\\/p><p>N2  - Recent research has shown that the degree to which people feel they are in control of their lives is an important correlate of individual happiness, where those that feel more in control are also found to be systematically happier. In turn, the economic sources of perceived life control are only insignificantly established in the relevant literature. The present paper employs individual data from the most recent version of the World Value Survey, covering the period from 1981 to 2013, to establish the macro-determinants of individual life control. We find that living in a country with high overall economic freedom is a major determinant of feeling in control of one's own life. The effect is very similar for individuals in high and low income countries, while the impact of democracy is negligible in both cases. Interacting relative income with economic freedom, we find that \u2013 contrary to conventional wisdom \u2013 it is by far the lower income groups that derive the biggest gain of perceived life control from living in a country with comparatively high economic freedom.<\\\/p><p>AB  - Recent research has shown that the degree to which people feel they are in control of their lives is an important correlate of individual happiness, where those that feel more in control are also found to be systematically happier. In turn, the economic sources of perceived life control are only insignificantly established in the relevant literature. The present paper employs individual data from the most recent version of the World Value Survey, covering the period from 1981 to 2013, to establish the macro-determinants of individual life control. We find that living in a country with high overall economic freedom is a major determinant of feeling in control of one's own life. The effect is very similar for individuals in high and low income countries, while the impact of democracy is negligible in both cases. 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