The Effect of the Brexit Referendum Result on Subjective Well-being
Georgios Kavetsos (),
Ilias Kyriopoulos and
Sotiris Vandoros ()
CEP Discussion Papers from Centre for Economic Performance, LSE
We study the effect of the Brexit referendum result on subjective well-being in the United Kingdom. Using a quasi-experimental design, we find that this outcome led to an overall decrease in subjective well-being in the UK compared to a control group. The effect is driven by individuals who hold an overall positive attitude towards the EU and shows little signs of adaptation. Subjective well-being of those with a very negative attitude towards the EU increases in the short-run but turns negative, possibly due to unmet expectations. Using three different measures of socio-economic connection between the UK and other European countries, we generally do not find evidence supporting the presence of spillover effects of the Brexit referendum result on subjective well-being of individuals in other EU countries.
Keywords: subjective well-being; happiness; Brexit; referendum; election (search for similar items in EconPapers)
JEL-codes: D72 I30 I31 I38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-eur, nep-hap and nep-int
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Working Paper: The effect of the Brexit referendum result on subjective well-being (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepdps:dp1586
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