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%T The Welfare Costs of Corruption %A Welsch, Heinz %J Applied Economics %N 14 %P 1839-1849 %V 40 %D 2008 %= 2011-04-01T03:37:00Z %~ http://www.peerproject.eu/ %> https://nbn-resolving.org/urn:nbn:de:0168-ssoar-240366 %X Corruption has been shown to affect a variety of economic indicators, especially GDP per capita. However, as GDP is not a genuine indicator of welfare, it may reflect the welfare costs of corruption only in an incomplete way. This paper uses self-rated subjective well-being as an empirical approximation to general welfare and shows that cross-national welfare - operationalized in this way - is affected by corruption not only indirectly, through GDP, but also directly, through non-material factors. The paper estimates the size of these effects as well as their monetary equivalent. The direct effect - not previously investigated in the corruption literature - is found to be substantially larger than the indirect effect. %G en %9 journal article %W GESIS - http://www.gesis.org %~ SSOAR - http://www.ssoar.info