“…The existing research on subjective well-being has identified, among others, the following determinants of subjective well-being (Dolan et al , 2008; Ngoo et al , 2015): personality traits (Okun and George, 1984; Diener et al , 1999; Helliwell, 2006); socio-demographic characteristics (Fernandez and Kulik, 1981; Evans and Kelley, 2004; Blanchflower and Oswald, 2008); culture and religion (Diener, 2000; Exton et al , 2015; Ngamaba and Soni, 2017), social capital (Powdthavee, 2008; Helliwell and Putnam, 2004; Helliwell and Barrington-Leigh, 2010; Helliwell and Shun, 2011); neighborhood context (Shields et al , 2007; Sorensen, 2013; Ma et al , 2017); economic factors such as income (Easterlin, 1974, 1995; McBride, 2001; Clark et al , 2005; Deaton, 2008; Tella et al , 2010; Mikucka et al , 2017; Guan et al , 2019) and employment (Clark and Oswald, 1994; Bockerman and Ilmakunnas, 2006; Booth and van Ours, 2009; Helliwell and Huang, 2014; Baslevent and Kirmanoglu, 2014). There is also a strand of literature that analyzes the role of institutional factors, government performance and public policies in subjective well-being.…”