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The Mid-Life Dip in Well-Being: Economists (Who Find It) Versus Psychologists (Who Don't)!

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  • David G. Blanchflower
  • Carol L. Graham

Abstract

A number of studies – including our own – find a mid-life dip in well-being. We review a psychology literature that claims that the evidence of a U-shape is "overblown" and if there is such a decline it is "trivial". We find remarkably strong and consistent evidence across countries and US states that statistically significant U-shapes exist with and without socio-economic controls. The US is somewhat of an outlier with evidence of an early uptick in the raw data with some variables – but not in others – that disappears when controls are included. We show that two of the studies cited by psychologists suggesting there are no U-shapes are in error; we use their data and find the opposite. The effects of the mid-life dip are comparable to major life events like losing a spouse, losing a job or getting cancer. They are clearly not inconsequential.

Suggested Citation

  • David G. Blanchflower & Carol L. Graham, 2020. "The Mid-Life Dip in Well-Being: Economists (Who Find It) Versus Psychologists (Who Don't)!," NBER Working Papers 26888, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:26888
    Note: AG EH LS
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    References listed on IDEAS

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    Cited by:

    1. David N. F. Bell & David G. Blanchflower, 2021. "The U‐shape of happiness in Scotland," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(4), pages 407-433, September.
    2. Graham, Carol & Pinto, Sergio, 2021. "The geography of desperation in America: Labor force participation, mobility, place, and well-being," Social Science & Medicine, Elsevier, vol. 270(C).

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    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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