An econometric analysis of wellbeing in Malta : a focus on corruption

Abstract

The objective of this dissertation is to examine the key factors that predict subjective wellbeing in Malta, with a specific focus on the role of corruption on people's wellbeing. Data on wellbeing is still lacking in Malta so these aims are fulfilled by primary data. This is done by undertaking a questionnaire with a sample of the population aged 18 years and over where 431 observations are gained. The sample has an average life satisfaction of 6.8 out of 10 which implies that they are fairly satisfied with the life they lead. All things being equal, this study finds that the presence of corruption, as well as the severity of corruption, have a significant negative influence on the wellbeing of Maltese people. Ceteris paribus, the other variables that are found to be significant in determining the variation in life satisfaction of the Maltese people are the following: trust in government, ability to make ends meet, ill health, age-squared, safety and social capital.