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Does the market make us happy? The stock market and well-being


Author Info

  • Aurora Murgea

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

  • Robert Reisz

    (Institut für Hochschulforschung an der Martin Luther Universität Halle Wittenberg, Germany
    Department of Informatics, Faculty of Matematics and Informatics, West University of Timisoara, Romania)


The 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 Info

Paper 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.

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Length: 25 pages
Date of creation: 09 Jul 2012
Date of revision:
Handle: RePEc:wun:wpaper:2012.feaa.f.03

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Related research

Keywords: well-being; stock market; happiness; uncertainty;

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  1. 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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  1. The stock market and happiness
    by UDADISI in UDADISI on 2012-08-01 18:55:00


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