This study estimates well-being as a function of Gross Domestic Product (GDP) per capita, life expectancy, primary education completion rates, and carbon dioxide emissions per capita using panel data from 78 countries from 2006 and 2009. We find that well-being increases at a decreasing rate as GDP per capita increases, which is consistent with the Easterlin Paradox. We also find a statistically significant, positive relationship between well-being and life expectancy and a negative relationship between well-being and carbon dioxide emissions
