Petrol Prices and Subjective Well-Being - Longitudinal Data Evidence From China

Yanhong Qian and Lei Yan ()
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Lei Yan: China Academy of Financial Research, Zhejiang University of Finance & Economics, China

Energy RESEARCH LETTERS, 2021, vol. 2, issue 4, 1-5

Abstract: This paper studies the effects of petrol prices on individuals’ subjective well-being (SWB). Three waves of household data from the China Health and Retirement Longitudinal Study and petrol prices at the province level are used and ordered probit models are applied. The empirical results show that petrol prices are negatively associated with SWB due to income effects. The findings are robust to alternative independent variable measures and clustered standard errors.

Keywords: life satisfaction; petrol price; subjective well-being (search for similar items in EconPapers)
JEL-codes: E21 I31 Q21 (search for similar items in EconPapers)
Date: 2021
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