Does the market make us happy? The stock market and well-being
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.
|Date of creation:||09 Jul 2012|
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- Ng, Yew-Kwang, 1997.
"A Case for Happiness, Cardinalism, and Interpersonal Comparability,"
Royal Economic Society, vol. 107(445), pages 1848-1858, 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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