Economists are giving more attention to the issue of subjective well-being. A recent study of households in West Virginia treats subjective well-being in a quality of life context (Bukenya 2003) in rural areas. Wolfers (2003) examines business cycle volatility and subjective well-being, while McBride (2001) models relative-income effects on subjective well-being. A recent study (Praag 2002) considers financial situation as a domain of well-being, along with health, employment, leisure, housing, and environment. This study examines the factors that determine financial well-being for households in Oklahoma County, Oklahoma. The study is motivated by the availability of extensive household-level data for a six year period for Oklahoma County.
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Paper provided by Middle Tennessee State University, Department of Economics and Finance in its series Working Papers with number
200504.
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