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Happiness Index as a Tool for Well-Being Assessment: Comparative Study of Italy and Russia

Student: Kristina Makovei

Supervisor: Ksenia Gerasimova

Faculty: Faculty of Social Sciences

Educational Programme: Political Analysis and Public Policy (Master)

Year of Graduation: 2018

Setting aside the philosophical aspect and the personal interpretation of happiness, each individual probably has, there is a need to try and establish some basic determinants of happiness. And the way to do it is to find correspondence between happiness levels and some socio-economic and political indicators, to understand which of them have strong impact on subjective wellbeing and which have little to no impact. That can be achieved through comparison of happiness levels with said indicators. Different countries most probably will have different combinations of socio-economic indicators which correlate with the happiness, due-to differences in cultural, historical, political, economic backgrounds. This work will attempt to distinguish those specific indicators for two countries – Russia and Italy. In order to do that in the first chapter the analysis of different approaches to happiness and wellbeing will be conducted. In the second the variety of socio-economic indices will be observed and analyzed in comparison with happiness levels. And in the third chapter dynamic and regression analysis will be conducted in order to establish correspondence between objective indicators and happiness levels.

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