In spite of general consensus on the importance of oil prices for objective measures of economic well-being across countries, almost no research has been carried out to analyse the effects of oil prices on subjective well-being internationally. Using the World Values Survey (2009), we help fill...

In Latin America, countries can be divided into two groups: those where people in villages and small towns are happier than people in middle sized cities, and those where they are less happy. Four possible reasons for these patterns are explored: level of economic development, social values,...