MA Bianjing, CAI Haijing:How Economic Globalization Affects the Happiness of Residents in China

Abstract：This article quantitatively tests the effect of economic globalization on Chinese residents' happiness and its transmission mechanism by using data from CGSS2008. The results show that economic globalization significantly improves the well-being of the Chinese residents, but it mainly influence residents' well-being indirectly through reducing inflation and unemployment, increasing incomes and improving people's health condition, as well as narrowing the gap between rich and poor and other livelihood improvement channels. This conclusion has nothing to do with the sample selection, self-selection effect and endogenous variable. While Chinese government promotes economic globalization through taking comparative advantages, the government can do better to alleviate its possible negative effects of economic globalization through expansion of social security, health care, education, job training and other livelihood aspects of spending, which can benefit every resident in China.

Key words： Economic Globalization   Inflation   Unemployment   Happiness

source:Finance & Trade Economics ,No.7,2014