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Capital Market and Happiness in United States

Author

Listed:
  • Murgea Aurora

    (West University of Timisoara, Faculty of Economics and Business Administration)

Abstract

Happiness represents, starting from the ancient times, the main goal of any individual. Despite de boom of the life satisfaction literature from the last decades, a still not very exploited issue is the relationship between capital markets and life satisfaction due to the difficulty of collecting aggregate information at high frequency. To overcome such difficulty we use the hedonometer’s data set generated by Twitter’s feed and daily values of S$P500 and VIX. The results show an important correlation between capital market evolutions and Happiness Index.

Suggested Citation

  • Murgea Aurora, 2015. "Capital Market and Happiness in United States," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 842-847, May.
    • Handle: RePEc:ovi:oviste:v:xv:y:2015:i:1:p:842-847
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    More about this item

    Keywords

    happiness; capital market; return; volatility; behaviour.;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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