Risk exposure and well-being: who suffers most and from which risks?

Rémy Bellaumay

No 2313b, Notes de l'Observatoire du bien-être from CEPREMAP

Abstract: How much do the world's inhabitants worry about the major risks they face, and how does this affect their subjective well-being? We address these questions through two global surveys: the Gallup World Poll and the World Risk Poll. We show that the experience of risk, worry and subjective well-being are inextricably linked. Climate risk is the most worrisome, followed by road risk, natural disasters, and violent crime. Unlike other risks, concern about climate change does not depend on a country's income level: people in wealthy countries say they are almost as concerned about this risk as people in poor countries, which are more affected. In addition, for the same level of risk exposure, people living in low-income countries are more resilient, that is, the experience of risk affects their subjective well-being less. Finally, the experience of one risk has a contagion effect on anxiety relating to all other risks.

Keywords: Wellbeing; Migration (search for similar items in EconPapers)
Pages: 7 pages
Date: 2023-11
New Economics Papers: this item is included in nep-hap and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:cpm:notobe:2313b

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