Tella, Rafael Di; MacCulloch, Robert J.; Oswald, Andrew J. - In: The Review of Economics and Statistics 85 (2003) 4, pp. 809-827
We show that macroeconomic movements have strong effects on the happiness of nations. First, we find that there are clear microeconomic patterns in the psychological well-being levels of a quarter of a million randomly sampled Europeans and Americans from the 1970s to the 1990s. Happiness...