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high-poverty to lower-poverty neighborhood leads to long-term (10 to 15 year) improvements in adult physical and mental … neighborhood poverty (13 percentage points) increases subjective well-being by an amount equal to the gap in subjective well …,000. Subjective well-being is more strongly affected by changes in neighborhood economic disadvantage than racial segregation, which …
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A large literature in macroeconomics assumes a social objective function, W(p, U), where inflation, p, and unemployment, U, are bads. This paper provides some of the first formal evidence for such an approach. It uses data on the reported well-being levels of approximately one quarter of a...
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