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On the determinants of happiness: a classification and regression tree (CART) approach

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  • Sergio Galletta

Abstract

This article studies the determinants of the individual's subjective well-being by applying a classification and regression tree (CART) analysis to data from the Survey on Household Income and Wealth (SHIW) provided by the Bank of Italy. The results support the primary importance of economic conditions but show that their effect is heterogeneously dependent on other individual characteristics.

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  • Sergio Galletta, 2016. "On the determinants of happiness: a classification and regression tree (CART) approach," Applied Economics Letters, Taylor & Francis Journals, vol. 23(2), pages 121-125, February.
    • Handle: RePEc:taf:apeclt:v:23:y:2016:i:2:p:121-125
    DOI: 10.1080/13504851.2015.1054066
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    References listed on IDEAS

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    1. Andrew E. Clark & Paul Frijters & Michael A. Shields, 2008. "Relative Income, Happiness, and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," Journal of Economic Literature, American Economic Association, vol. 46(1), pages 95-144, March.
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    4. Alesina, Alberto & Di Tella, Rafael & MacCulloch, Robert, 2004. "Inequality and happiness: are Europeans and Americans different?," Journal of Public Economics, Elsevier, vol. 88(9-10), pages 2009-2042, August.
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    6. Keely, Louise C. & Tan, Chih Ming, 2008. "Understanding preferences for income redistribution," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 944-961, June.
    7. Williams, Michael A. & Joskow, Andrew S. & Johnson, Richard L. & Hurdle, Gloria J., 1987. "Explaining and predicting airline yields with non-parametric regression trees," Economics Letters, Elsevier, vol. 24(1), pages 99-105.
    8. Scoppa Vincenzo & Ponzo Michela, 2008. "An Empirical Study of Happiness in Italy," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-23, June.
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