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Empirical Economic Bulletin, An Undergraduate Journal

Abstract

This paper presents an empirical analysis of how income, education and healthcare affect overall happiness in a country. By using data found through the world happiness report, Statista and the world population review, I was able to analyze the relationship between these three variables and the overall happiness index from 100 counties. The results showed that while all three variables have a positive relationship with the happiness index, mean income had the strongest relationship. I was also able to explore potential other variables that could have an effect which were cost of higher education, percentage of population with secondary or higher-level education and poverty rate. Overall the finding suggest that aiming policies towards increasing income and improving healthcare and education quality in a country will have a positive effect on the overall happiness and well-being of the population for a country.

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