How Has the Crisis of 2008-2009 Affected Subjective Well-Being?

Results of life satisfaction regressions for more than 91,000 individuals are used to investigate how the macroeconomic crisis of 2008-2009 has affected subjective well-being (SWB) in 30 OECD countries. In a number of countries, the effect of the crisis on a representative person’s SWB is of a similar magnitude as the effects of the most important personal life events. Our findings highlight the importance of GDP fluctuations for SWB.

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Year of publication:	2011-01
Authors:	Kühling, Jan ; Welsch, Heinz
Institutions:	Institut für Volkswirtschaftslehre, Carl von Ossietzky Universität Oldenburg
Subject:	macroeconomic crisis \| growth \| stability \| subjective well-being

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Oldenburg Working Papers V-330-11 Number V-330-11 12 pages
Classification:	E32 - Business Fluctuations; Cycles ; I31 - General Welfare; Basic Needs; Quality of Life ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010663604