Does the market make us happy? The stock market and well-being
AbstractThe present paper studies the relationship between well-being and the stock market in the USA. We find that there is a relationship between well-being and the capital market. Empirical tests, using the Gallupp Healthways Well-being Index, Standard&Poor’s S&P 500 and the VIX volatility index show a strong and statistically significant impact of the stock market on well-being.
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Bibliographic InfoPaper provided by West University of Timisoara, Romania, Faculty of Economics and Business Administration in its series FEAA Working Papers with number 2012.FEAA.F.03.
Length: 25 pages
Date of creation: 09 Jul 2012
Date of revision:
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well-being; stock market; happiness; uncertainty;
Other versions of this item:
- Murgea Aurora & Reisz Robert D., 2013. "Does the Market Make us Happy? The Stock Market and Well-being," Economia politica, Società editrice il Mulino, issue 1, pages 69-86.
- D60 - Microeconomics - - Welfare Economics - - - General
- D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
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- Ng, Yew-Kwang, 1997.
"A Case for Happiness, Cardinalism, and Interpersonal Comparability,"
Royal Economic Society, vol. 107(445), pages 1848-58, November.
- Yew-Kwang, Ng, 1997. "A case for Happiness, Cardinalism, and Interpersonal Comparability," Departmental Working Papers _081, Chinese University of Hong Kong, Department of Economics.
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