Subjective Well-Being and Aversion to Macroeconomic Losses: New Evidence.

ABSTRACT: This work analyses the existence of asymmetric effects on the subjective well-being of the population of different countries in response to changes in the levels of aggregate income. Microdata from the Eurobarometer and the World Values Survey are used for the period 2000-2019. This period includes several economic changes, among which are the strong expansion at the beginning of the century, the Great Recession, and the subsequent recovery. Our study includes several groups of countries. In the broadest case, the study comprises a group of 83 countries and analyses the issue both from a global perspective as well as focusing particular attention on European countries. These asymmetric effects of economic activity are in line with behavioural economics and previous literature and allow us

SUBMITTER: Patino D 

PROVIDER: S-EPMC8134830 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature