Mind the gap? Business cycles and subjective well-being
Matti Hovi and
Jani-Petri Laamanen
Applied Economics Letters, 2016, vol. 23, issue 17, 1206-1209
Abstract:
We examine the relationship between output fluctuations and within-country variation in subjective well-being using country panels. We show that the deviation of output from trend, unlike trend growth, is positively associated with well-being. The explanatory power of the business cycle is found to be better than that of the level of output.
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:taf:apeclt:v:23:y:2016:i:17:p:1206-1209
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DOI: 10.1080/13504851.2016.1145340
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