Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Tuesday, June 28, 2005

Does More Wealth Make More People Satisfied with Conditions in Their Country?

The Pew Global Attitudes Projectis a series of worldwide public opinion surveys that encompasses a broad array of subjects ranging from people's assessments of their own lives to their views about the current state of the world and important issues of the day. More than 90,000 interviews in 50 countries have been conducted as part of the project's work.

[Thanks to The Emirates Economist for the pointer]

As a part of its survey of people in different countries, PEW found that the number of people satisfied with how things were going in their countries was this:

It looks as if these numbers reflect people's expectations and their comparisons of the current state of their countries relative to these expectations. The countries with the higher numbers of satisfied people most likely have done well, compared with the past and compared with people's expectations; and the countries with the lower numbers of people satisfied need to work on lowering their citizens' expectations....


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