The answer is a bit nuanced and I am suggesting that it is the case, perhaps about the same instead of being exactly the same. You can argue that the apparent cost of not studying hard in is wildly different in these two countries (basic welfare support vs complete lack thereof). Yes, I agree that when you look at providing for basic material comforts in dire circumstances it obvious which country a person ought to choose, when presented with this hypothetical choice.

But that simply fails to capture the stresses of everyday life. The average person on welfare checks can hardly be assumed to happy and is probably facing intense, if subtle, negative societal feedback for the choices he is forced to make. Do you think this person is happy to eat at McDonalds and wear cheap clothes when everyone around him is upgrading their smartphones. That's why I say that providing for basic material comforts hardly does much to improve the mental well-being. The pressure to succeed is present everywhere, and failing to do so is stressful in all such circumstances, and I would imagine that it would be roughly the same.

Again this is an article on suicides and it is the most extreme form of pressure that anyone can face. The extent to which we can compare the stress on people that aren't doing well (by societal norms) is hard to pin down exactly, and I don't want to make any bold claims there that the stresses must be exactly the same. But I do see that there is a basic similarity here.