How does subjective well-being depend on the fate of others when a covariate shock strikes? In this paper, we address … this question by providing novel evidence on the impact of shock-induced damages experienced by individuals and their … reference group on life satisfaction. We do so by examining the case of pastoralists in Mongolia that faced a oncein-50-years …

reveal significant variations in well-being, with certain regions reporting notably lower satisfaction levels across … dimensions like trust in institutions, satisfaction with financial and housing conditions, health care and education quality, and …

growth and the influence of the quality of regional governance on post-disaster economic recovery. We match disaster data … of a "natural" disaster leads to an annual decline in regional growth of about 0.28 percentage points. Furthermore, we …

an aggregation based on how individual dimensions of welfare relate to average life satisfaction across regions, which …