Social Indicators Research

, Volume 130, Issue 1, pp 87–106 | Cite as

Money, Trust and Happiness in Transition Countries: Evidence from Time Series

  • Stefano Bartolini
  • Małgorzata Mikucka
  • Francesco SarracinoEmail author


Trends of subjective well-being (SWB) in transition countries are peculiar: they show substantial changes that are more strongly correlated with the trends of GDP than in other developed countries. This paper examines the role of the trends of GDP and of social trust in predicting the trends of well-being. We find that the strength of the relationship between social trust and SWB over the medium-term is comparable to that of GDP. We conclude that in the medium-term, even in countries where material concerns strongly affect well-being, social trust is a powerful predictor of the trends of SWB. However, in the short run the relationship between social trust and SWB does not hold and GDP stands out as the only significant correlate of SWB.


Easterlin paradox Economic growth Subjective well-being Happiness Life satisfaction Social capital 

JEL Classification

D03 D60 I31 O10 P27 P05 


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Copyright information

© Springer Science+Business Media Dordrecht 2015

Authors and Affiliations

  • Stefano Bartolini
    • 1
  • Małgorzata Mikucka
    • 2
    • 3
  • Francesco Sarracino
    • 3
    • 4
    • 5
    Email author
  1. 1.University of SienaSienaItaly
  2. 2.Université catholique de LouvainLouvain-la-NeuveBelgium
  3. 3.National University Higher School of Economics - Laboratory for Comparative Social ResearchMoscowRussia
  4. 4.Institut national de la statistique et des ètudes èconomiques du Grand-Duchè du Luxembourg (STATEC)LuxembourgLuxembourg
  5. 5.GESIS Leibniz Institute for Social SciencesBerlinGermany

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