Economic and Cultural Correlates of Subjective Well-Being in Countries Using Data from the Organisation for Economic Co-Operation and Development (OECD)

The correlations among indicators of objective well-being, cultural dimensions, and subjective well-being were investigated using Organisation for Economic Co-operation and Development (OECD) data from 35 countries. The subjective well-being measures included life satisfaction as well as six positive and six negative indexes of experience. Positive and negative experience scores were subjected to principal component analysis, and two positive experience components (labeled as “positive experiences” and “time management”) and two negative experience components (labeled as “pain, worry, and sadness” and “anger and boredom”) were extracted. Objective well-being included economic indicators, education, and health. The cultural variables included Hofstede's and Schwartz's cultural dimensions, national Big Five personality scores, and national IQs. High life satisfaction was positively related to Gross Domestic Product, life expectancy, education, individualism, affective and intellectual autonomy, egalitarianism, and conscientiousness, whereas low life satisfaction was related to unemployment, unequal income distribution, power distance, masculinity, uncertainty avoidance, embeddedness, hierarchy, and neuroticism.