Argentina’s Economic Development and Life Satisfaction Revisited – 1984–2012
At the end of 1983, Argentina returned to democracy. Between 1983 and 2012, Argentina brought better economic and development results as wells as an improvement in the levels of happiness and life satisfaction. Although the macroeconomic cycle was characterized by high volatility, the country GDP per capita was 74 % higher in 2012 compared to 1983, implying an average annual growth rate of 1.9 %, much higher than the average Latin American country. Poverty and income distribution as well as health and education ones notably improved after time intervals of decadence.
On the other side, Argentineans are happier now than in 1984 with the highest improvement in Buenos Aires City. Those trends do not correlate with households’ changes in the satisfaction with their financial situation over time, but resembles the idea that satisfaction with family life and the time spent with loved ones have a higher explanatory power. Likewise, socially people who frequently go out were more satisfied with their lives. Other ‘non-classical’ results – like having sex itself – does not make any difference whatsoever, while consumption of medication for mental stress or sleeping pills has no direct impact on happiness (but stressed people report low levels of life satisfaction).
KeywordsArgentina Economic Development in Argentina Argentine Economy Happiness Wellbeing in Argentina Life Satisfaction Determinants of life satisfaction Sex Pills Argentina’s democracy Easterlin paradox
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