CESifo Working Paper Series Working Paper Abstract No. This positive effect can be attributed to political outcomes closer to voters' preferences, as well as to the procedural utility of political participation.
Unemployment has a strongly depressing effect on happiness.
A higher income level raises happiness, however, only to a small extent. I31 Download Click here to download the entire document. The paper is available as a an Adobe Acrobat PDF File. You will require the Acrobat Reader to read it and to print it out. Click here to get a free copy of the Acrobat reader.