The impact of local shocks on well-being: Only a matter of perception?

Wiebke Stein and Reinhard Weisser

Hannover Economic Papers (HEP) from Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät

Abstract: This paper investigates how witnessing adverse events affects individuals' perceptions and consequently their personal subjective well-being. In order to do so, we compare material well-being dynamics with changes in subjective well-being. We link GIS data on local flood shocks to an extensive household sample from rural Southeast Asia. This allows us to contrast individuals who actually experienced a shock with those who did not. We find that the mere proximity to a potentially adverse flood shock, without any direct impact on a household's material well-being, can be sufficient to affect subjective well-being.

Keywords: perception; subjective well-being; GIS data; MODIS flood mapping (search for similar items in EconPapers)
JEL-codes: I31 Q51 R23 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2018-07
New Economics Papers: this item is included in nep-hap, nep-sea and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:han:dpaper:dp-634

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