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Petrol Prices and Subjective Well-Being - Longitudinal Data Evidence From China

Author

Listed:
  • Yanhong Qian
  • Lei Yan

    (China Academy of Financial Research, Zhejiang University of Finance & Economics, China)

Abstract

This paper studies the effects of petrol prices on individuals’ subjective well-being (SWB). Three waves of household data from the China Health and Retirement Longitudinal Study and petrol prices at the province level are used and ordered probit models are applied. The empirical results show that petrol prices are negatively associated with SWB due to income effects. The findings are robust to alternative independent variable measures and clustered standard errors.

Suggested Citation

  • Yanhong Qian & Lei Yan, 2021. "Petrol Prices and Subjective Well-Being - Longitudinal Data Evidence From China," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 2(4), pages 1-5.
    • Handle: RePEc:ayb:jrnerl:44
    DOI: 2021/10/28
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    life satisfaction; petrol price; subjective well-being;
    All these keywords.

    JEL classification:

    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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