Correlation between Happy Planet Index with Education on the Example of Russia and Austria

Abstract

In this article we will focus on the indicators, which in our view the government should level the quality of welfare of the population. Such a future indicator is the Happy Planet Index (HPI). We have previously reviewed his history, compared the Happy Planet Index of Russia among other countries, have evaluated the factors that are expected the Index to Tomsk. We also discussed the paradox of HPI in Russia, saying that when the world crisis, the Index falls, while in Russia it grows. Now, we decided to consider the Happy Planet Index of Russia with a country that has made a breakthrough in the overall ranking. This country was Austria: in a very short period, she changed her position with 30 seats. After analyzing the policy of this country, we came to the conclusion that in this period the country much attention was given to educational programs. On that basis, we suggested the hypothesis that if the state would work to level of education in the country, then the population will be happier. To evaluate this hypothesis, we used econometric methods by building a regression model for each country. Identified factors and gave them a description.