Well-Being Over Time in Britain and the USA

David Blanchflower and Andrew Oswald

No 7487, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The standard of living in the industrialized nations has been steadily increasing over the last few decades. Yet some observers wonder whether we are really getting any happier. This paper addresses that question by examining well-being data on 100,000 randomly sampled Americans and Britons from the early 1970s to the late 1990s. Reported levels of happiness have declined over the period in the United States. Life satisfaction has been approximately flat through time in Great Britain. Counter to the general US trend, the happiness of blacks in that nation has risen since the early 1970s. The black-white happiness differential has diminished. The happiness of American men has grown. Despite legislation aimed to reduce gender discrimination, the well-being of women has fallen noticeably. Well-being equations have a stable structure: the British equations look almost identical to the US ones. Money does buy happiness. The paper also calculates the dollar values of life events like unemployment and divorce. They are large. A lasting marriage, for example, is calculated to be worth $100,000 a year.

JEL-codes: J2 (search for similar items in EconPapers)
Date: 2000-01
New Economics Papers: this item is included in nep-his and nep-pbe
Note: LS
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (372)

Published as Blanchflower, David G. and Andrew J. Oswald. "Well-Being Over Time In Britain And The USA," Journal of Public Economics, 2004, v88(7-8,Jul), 1359-1386.

Downloads: (external link)
http://www.nber.org/papers/w7487.pdf (application/pdf)

Related works:
Journal Article: Well-being over time in Britain and the USA (2004)
Working Paper: Well-Being Over Time in Britain and the USA (2001)
Working Paper: Well-Being Over Time in Britain and the USA (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:7487

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w7487

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().