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June 17, 2009

Are Socialists Happier Than Capitalists?

Driven by a decline in satisfaction with work life and family life, overall well-being initially plummeted in countries directly affected by the fall of the Iron Curtain, reveals an important new study.

The research, forthcoming in the August 2009 issue of the Journal of Economic Behavior and Organization, expands our understanding of the correlation between happiness and democracy — and whether economic concerns outweigh political reforms in their impact on subjective well-being.… Read the rest