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
Authors:	Welsch, Heinz ; Kühling, Jan
Publisher:	Oldenburg : University of Oldenburg, Department of Economics
Subject:	macroeconomic crisis \| growth \| stability \| subjective well-being

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Series:	Wirtschaftswissenschaftliche Diskussionspapiere ; V-330-11
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	810759489 [GVK] hdl:10419/105018 [Handle] RePEc:old:dpaper:330 [RePEc]
Classification:	E32 - Business Fluctuations; Cycles ; I31 - General Welfare; Basic Needs; Quality of Life ; E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
Source:	EconStor

Persistent link: https://www.econbiz.de/10010435664