Well-being (i.e., satisfaction, happiness) is a latent variable, impossible to observe directly. Hence, questionnaires …

The empirical relation between happiness and religiosity is considered from the perspective of basic utility theory. An … function, which itself is held to be a proxy for the utility function. We find that the same level of happiness can be … unbalanced cross-country panel data set is used to study whether religiosity can be considered as a substitute in the happiness …