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

Listed author(s):
  • 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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File Function: First version, July, 2012
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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
Handle: RePEc:wun:wpaper:2012.feaa.f.03
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  1. Ng, Yew-Kwang, 1997. "A Case for Happiness, Cardinalism, and Interpersonal Comparability," Economic Journal, Royal Economic Society, vol. 107(445), pages 1848-1858, November.
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