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A Study on Changes in Social Capital and Life Satisfaction in Transition Countries

  • Journal of Regional Studies and Development
  • Abbr : JRSD
  • 2020, 29(2), pp.25-56
  • DOI : 10.22739/ipaid.2020.29.2.25
  • Publisher : Institute for Poverty Alleviation and International Development: IPAID
  • Research Area : Social Science > Area Studies > Regional Studies in general > Comparative / Statistical Regional Studies
  • Received : March 4, 2020
  • Accepted : August 11, 2020
  • Published : August 30, 2020

Changyong Choi 1 Hi Sam Kim 2 Hyeyoung Woo 3

1KDI 국제정책대학원
2광주과학기술원
3한국개발연구원

Accredited

ABSTRACT

This study explores qualitative changes such as 'happiness' in former socialist countries with an aim of overcoming the limitations of existing studies that focused on quantitative changes, such as economic growth. In order to compare national level happiness in those transitional countries, life satisfaction and social capital were mobilized as proxy variables constructed by the World Value Surveys. In particular, this study tries to investigate deep-meaning of the transition, that is, the changes in the value of the parameter by comparing the variable to the level of the Nordic countries. The analysis showed that the transition countries had a 70.5% level of happiness compared to the Nordic countries, while the interpersonal trust level was much lower than the 0.62 level in the Nordic countries. Noteworthy findings are a negative correlation between the two variables as there are high cases of happiness observed even in countries with low interpersonal trust ratios of less than 20 percent, but the happiness index has risen significantly in countries with interpersonal trust above 20 percent.

Citation status

* References for papers published after 2022 are currently being built.

This paper was written with support from the National Research Foundation of Korea.