The impact of economic, social and environmental factors on life satisfaction in the Russian regions

Abstract

Subject. This article examines the relationship between subjective well-being and economic, social and environmental factors that determine the level of such well-being. Objectives. The article aims to assess satisfaction with the quality of life in the regions of Russia. Methods. For the study, I used regression analysis of panel data for the regions of Russia, applying fixed- and random-effects models. Results. The article finds that social factors have the greatest impact on the level of life satisfaction of residents of Russian regions. Rising per capita cash incomes and environmental factors do not have a statistically significant impact on life satisfaction. Conclusions. Solving the most acute social problems, overcoming poverty, reducing inequality, and creating means of social mobility will help mitigate the existing restrictions on economic growth and create prerequisites for improving the environmental situation.