Advanced Search
MyIDEAS: Login to save this article or follow this journal

Macroeconomics and life satisfaction: Revisiting the "misery index"

Contents:

Author Info

Abstract

Using data from surveys of life satisfaction, evidence has been presented that European citizens’ subjective well-being is inversely related to inflation and unemployment. Motivated by the “Barro Misery Index”, this paper reconsiders the relationship between macroeconomics and subjective well-being by including the growth rate and the long-term interest rate as additional variables in life satisfaction regressions. The paper finds that people care about growth and employment on the one hand and stability on the other, where stability may alternatively be captured by the inflation rate or the long-term interest rate. Stability, measured in whichever of these ways, does not seem to be less important to European citizens than growth and employment.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.ucema.edu.ar/publicaciones/download/volume10/welsch.pdf
Download Restriction: no

Bibliographic Info

Article provided by Universidad del CEMA in its journal Journal of Applied Economics.

Volume (Year): X (2007)
Issue (Month): (November)
Pages: 237-251

as in new window
Handle: RePEc:cem:jaecon:v:10:y:2007:n:2:p:237-251

Contact details of provider:
Postal: Av. Córdoba 374, (C1054AAP) Capital Federal
Phone: (5411) 6314-3000
Fax: (5411) 4314-1654
Email:
Web page: http://www.cema.edu.ar/publicaciones/jae.html
More information through EDIRC

Related research

Keywords: misery index; social welfare function; inflation; unemployment; subjective wellbeing; life satisfaction;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Jorge M. Streb, 2011. "Estabilización económica e incentivos políticos," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA 461, Universidad del CEMA.
  2. Darren Grant, 2009. "What Makes a Good Economy? An Analysis of Survey Data," Working Papers, Sam Houston State University, Department of Economics and International Business 0909, Sam Houston State University, Department of Economics and International Business.
  3. Heinz Welsch & Jan Kühling, 2011. "Comparative Economic Performance and Institutional Change in OECD Countries: Evidence from Subjective Well-Being Data," Working Papers, University of Oldenburg, Department of Economics V-342-11, University of Oldenburg, Department of Economics, revised Dec 2011.
  4. Christopher Ambrey & Christopher Fleming, 2014. "Life Satisfaction in Australia: Evidence from Ten Years of the HILDA Survey," Social Indicators Research, Springer, Springer, vol. 115(2), pages 691-714, January.
  5. repec:old:wpaper:342 is not listed on IDEAS
  6. Ewa, Lechman, 2009. "Okun`s and Barro`s Misery Index as an alternative poverty assessment tool. Recent estimations for European countries," MPRA Paper 37493, University Library of Munich, Germany.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:cem:jaecon:v:10:y:2007:n:2:p:237-251. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valeria Dowding).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.