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Globalization's Winners and Losers - Evidence from Life Satisfaction Data, 1975 -2001

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  • Zohal Hessami

    (Department of Economics, University of Konstanz, Germany)

Abstract

This paper analyzes the effect of globalization on subjective well-being by using a dataset that combines micro- and macro-level variables for the EU 15 countries from 1975 to 2001. The estimations provide evidence that – in line with theoretical predictions - globalization has benefited especially high-skilled workers, right-wing voters, respondents that trust the WTO, the World Bank, and the IMF as well as respondents in the highest income quartile. In addition, globalization has increased well-being to a higher extent for old people than for young people.

Suggested Citation

  • Zohal Hessami, 2011. "Globalization's Winners and Losers - Evidence from Life Satisfaction Data, 1975 -2001," Working Paper Series of the Department of Economics, University of Konstanz 2011-12, Department of Economics, University of Konstanz.
    • Handle: RePEc:knz:dpteco:1112
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    8. Axel Dreher & Noel Gaston, 2008. "Has Globalization Increased Inequality?," Review of International Economics, Wiley Blackwell, vol. 16(3), pages 516-536, August.
    9. Zohal Hessami, 2010. "The Size and Composition of Government Spending in Europe and Its Impact on Well‐Being," Kyklos, Wiley Blackwell, vol. 63(3), pages 346-382, August.
    10. Dutt, Amitava Krishna & Mukhopadhyay, Kajal, 2005. "Globalization and the inequality among nations: A VAR approach," Economics Letters, Elsevier, vol. 88(3), pages 295-299, September.
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    Cited by:

    1. Kaitlyn R. Wolf & Andrew T. Young, 2014. "Globalization and Income Convergence," Working Papers 14-07, Department of Economics, West Virginia University.
    2. Barbara Dluhosch & Daniel Horgos, 2013. "Trading Up the Happiness Ladder," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 113(3), pages 973-990, September.
    3. Thushyanthan Baskaran & Zohal Hessami, 2012. "Public education spending in a globalized world:," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 19(5), pages 677-707, October.
    4. Young, Andrew T. & Tackett, Maria Y., 2018. "Globalization and the decline in labor shares: Exploring the relationship beyond trade and financial flows," European Journal of Political Economy, Elsevier, vol. 52(C), pages 18-35.
    5. Thushyanthan Baskaran & Zohal Hessami, 2011. "Public Education Spending in a Globalized World: Is there a Shift in Priorities Across Educational Stages?," Working Paper Series of the Department of Economics, University of Konstanz 2011-42, Department of Economics, University of Konstanz.
    6. Chun-Hung A. Lin & Suchandra Lahiri & Ching-Po Hsu, 2017. "Happiness and Globalization: A Spatial Econometric Approach," Journal of Happiness Studies, Springer, vol. 18(6), pages 1841-1857, December.
    7. Sabna Ali & Syed Mansoob Murshed & Elissaios Papyrakis, 2020. "Happiness and the Resource Curse," Journal of Happiness Studies, Springer, vol. 21(2), pages 437-464, February.
    8. Zeynep Ozkok, 2017. "Financing Education in Europe: The Globalization Perspective," Economics and Politics, Wiley Blackwell, vol. 29(1), pages 69-90, March.
    9. Berggren, Niclas & Nilsson, Therese, 2015. "Globalization and the transmission of social values: The case of tolerance," Journal of Comparative Economics, Elsevier, vol. 43(2), pages 371-389.
    10. Guerriero, Marta & Sen, Kunal, 2012. "What Determines the Share of Labour in National Income? A Cross-Country Analysis," IZA Discussion Papers 6643, Institute of Labor Economics (IZA).
    11. Heckelman, Jac C. & Young, Andrew, 2018. "How Global is Globalization?," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 48(3), August.
    12. repec:rom:campco:v:9:y:2013:i:1:p:210-219 is not listed on IDEAS
    13. Andrés Rodríguez-Pose & Vassilis Tselios, 2019. "Well-being, Political Decentralisation and Governance Quality in Europe," Journal of Human Development and Capabilities, Taylor & Francis Journals, vol. 20(1), pages 69-93, January.
    14. Jianchun Fang & Giray Gozgor & James H. Nolt, 2022. "Globalisation, economic uncertainty and labour market regulations: Implications for the COVID‐19 crisis," The World Economy, Wiley Blackwell, vol. 45(7), pages 2165-2187, July.
    15. Channary Khun & Sajal Lahiri & Sokchea Lim, 2015. "Do people really support trade restrictions? Cross-country evidence," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 24(1), pages 132-146, February.
    16. Benjamin Schalembier, 2016. "The Impact of Exposure to Other Countries on Life Satisfaction: An International Application of the Relative Income Hypothesis," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 128(1), pages 221-239, August.
    17. Antonio Caselles, 2013. "An application of fuzzy cognitive maps to improve well‐being, sustainability and the globalization process," Systems Research and Behavioral Science, Wiley Blackwell, vol. 30(6), pages 646-660, November.
    18. Berggren, Niclas & Bjørnskov, Christian, 2023. "Does Capitalism Disfavor Women? Evidence from Life Satisfaction," Working Paper Series 1471, Research Institute of Industrial Economics.
    19. Florina BRAN & Carmen Valentina RÃDULESCU & Ildiko IOAN, 2013. "Globalization’S Progress In Eu: Territorial And Structural Changes," Proceedings of Administration and Public Management International Conference, Research Centre in Public Administration and Public Services, Bucharest, Romania, vol. 9(1), pages 210-219, June.

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    More about this item

    Keywords

    life satisfaction; well-being; Globalization; Heckscher-Ohlin theorem;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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