Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105018
Authors: 
Welsch, Heinz
Kühling, Jan
Year of Publication: 
2011
Series/Report no.: 
Wirtschaftswissenschaftliche Diskussionspapiere V-330-11
Abstract: 
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.
Subjects: 
macroeconomic crisis
growth
stability
subjective well-being
JEL: 
E32
I31
E61
Document Type: 
Working Paper

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