We know the saying that money does not buy happiness. But even if there is a significant correlation between income and measures of satisfaction, it is far from one, with some pretty significant outliers. One of them is Bulgaria, whose inhabitants
are among the saddest in the world despite being "middle income."
Hernando Zuleta and Maria Draganova claim this can be explained by a set of factors: it is too cold in the winter, but I would counterargue that this is also valid for Bulgaria's neighbors. Health matters, too, but Bulgaria fares better than its neighbors, in particular Russia (where it is even colder). Maybe the sadness can be explained by the low proportion of young people, or the lack of upward mobility of family income, or the increased inequality, or the collapse of incomes in the 1990's. But again, this all applies to the neighboring countries as well. This sounds all very speculative, but this is really what the paper writes about. One can put all this is a regression and see whether it actually matters. And if Bulgaria is still an outlier, blame culture. Which the authors actually do.
are among the saddest in the world despite being "middle income."
Hernando Zuleta and Maria Draganova claim this can be explained by a set of factors: it is too cold in the winter, but I would counterargue that this is also valid for Bulgaria's neighbors. Health matters, too, but Bulgaria fares better than its neighbors, in particular Russia (where it is even colder). Maybe the sadness can be explained by the low proportion of young people, or the lack of upward mobility of family income, or the increased inequality, or the collapse of incomes in the 1990's. But again, this all applies to the neighboring countries as well. This sounds all very speculative, but this is really what the paper writes about. One can put all this is a regression and see whether it actually matters. And if Bulgaria is still an outlier, blame culture. Which the authors actually do.
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