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People living in countries with governments that have a greater number of social services report being more satisfied with life, according to a study by a Baylor University researcher.
Dr. Patrick Flavin, assistant professor of political science at Baylor, said the effect of state intervention into the economy equaled or exceeded marriage when it came to satisfaction. The study is published in the spring issue of the journal Politics & Policy.
Free market capitalism has been championed by leaders such as the late President Ronald Reagan and former Prime Minister Margaret Thatcher, while left-leaning political parties and labor movements argue for more government intervention into the market. But scholars have paid little empirical attention to the debate in terms of which leads to more satisfaction among citizens, Flavin said.
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