Short-run and long-run causalities between happiness, income and unemployment in Japan

Chew Ging Lee, Pek Kim Ng and Cassey Lee

Applied Economics Letters, 2013, vol. 20, issue 18, 1636-1639

Abstract: This article examines the short-run and long-run causal interactions between happiness and two economic variables in Japan, namely, unemployment and income. Results suggest that whilst more rapid economic growth and lower levels of unemployment are important in raising people's well-being in the short run, it is the relative growth performance of the economy that matters in the long run.

Date: 2013
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DOI: 10.1080/13504851.2013.829195

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