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.
On the determinants of happiness: a classification and regression tree (CART) approach / Galletta, Sergio. - In: APPLIED ECONOMICS LETTERS. - ISSN 1466-4291. - 23:2(2016), pp. 121-125. [10.1080/13504851.2015.1054066]
On the determinants of happiness: a classification and regression tree (CART) approach
Galletta, Sergio
2016
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.File allegati a questo prodotto
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