The connection between economic freedom, education, and happiness




education, economic freedom, happpyness, GDP


Economic success and social advancement in contemporary society are both influenced by education. Along with providing the potential for self-expression, creative fulfillment, and moral gratification from present actions, education also enables its possessor to earn a higher wage. People with higher levels of education live longer lives that are also more fascinating and instructive. Additionally, happier people tend to be more educated. The article's goal in this area is to ascertain the connection between educational attainment levels, economic freedom, income levels, and happiness levels. This study examines the relationships among 145 nations' measures of economic freedom, happiness, income, and education for the year 2018. In Statistica, the author of the study estimated the Kendall's Tau correlation, the Spearman rank correlation, and the Pearson (product-moment) correlation. According to the data, there is a significant correlation between GDP, Economic Freedom of the World Index, Happiness Index, and Education Index. The study found a strong correlation between education, money, and happiness awareness. Economic freedom and education go hand in hand. Additionally, the study's findings imply that education makes people happier in addition to increasing their wealth.


Download data is not yet available.
Abstract views: 62 / PDF downloads: 35


Esmail, H. A. H. & Shili, N. N. J. (2018). The Relationship between Happiness and Economic Development in KSA: Study of Jazan Region. Asian Social Science, 14(3), 78–87. DOI: DOI:

Gregorio, J. De & Lee, J. (2002). Education and Income Inequality: New Evidence From Cross-Country Data. Review of Income and Wealth, 48(3), 395–416. DOI: DOI:

Gropper, D. M., Lawson, R. A., & Thorne, J. T. (2011). Economic Freedom and Happiness. Cato Journal, 31(2), 237–255.

Mehrara, M. & Musai, M. (2013). The Relationship between Economic Growth and Human Capital in Developing Countries. International Letters of Social and Humanistic Sciences, 5, 55–62. DOI: DOI:

Nikolaev, B. (2014). Economic Freedom and Quality of Life: Evidence from the OECD’s Your Better Life Index. The Journal of Private Enterprise, 29(3), 61–96.

Stryzhak, O. (2019). Assessment of the relationship between the tourism sector development and other sectors of economy. Economics of Development, 18(2), 10–18. DOI: DOI:

The Fraser Institute. (2018). The Economic Freedom of the World Index. Retrieved from

The Heritage Foundation. (2018). The Index of Economic Freedom. Retrieved from

The World Happiness Report. (2018). Retrieved from

UNDP. (2018). The Education Index. Retrieved from

Veenhoven, R. (2000). Freedom and happiness: A comparative study in forty-four nations in the early 1990s. In E. Diener & E. M. Suh (Eds.), Culture and subjective well-being (pp. 257–288). Cambridge: MIT Press.

Webster, A. L. (2013). Is There Feed-Back Between Economic Freedom and Economic Growth: A Comparative Granger-Causality Test Based On Quartiles. Applied Econometrics and International Development, 13-1, 11–24.

World Bank Group. (2019). The World Development Report 2019. The Changing Nature of Work. Retrieved from

World Bank Group. (2020). World Development Indicators. Retrieved from

Yilmaz, I. & Nasih Tag, M. (2016). Happiness and economic freedom: Are they related? SHS Web of Conferences, 28, Art. 6. DOI: DOI:





How to Cite

Stryzhak, O. (2021). The connection between economic freedom, education, and happiness. Ukrainian Journal of Educational Studies and Information Technology, 9(3), 58–69.