How Has the Crisis of 2008-2009 Affected Subjective Well-Being?
Results of life satisfaction regressions for more than 91,000 individuals are used to investigate how the macroeconomic crisis of 2008-2009 has affected subjective well-being (SWB) in 30 OECD countries. In a number of countries, the effect of the crisis on a representative person’s SWB is of a similar magnitude as the effects of the most important personal life events. Our findings highlight the importance of GDP fluctuations for SWB.
|Date of creation:||Jan 2011|
|Date of revision:||Jan 2011|
|Publication status:||Published in Oldenburg Working Papers V-330-11|
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