Does the market make us happy? The stock market and well-being

Aurora Murgea () and Robert Reisz
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Robert Reisz: Institut für Hochschulforschung an der Martin Luther Universität Halle Wittenberg, Germany

FEAA Working Papers from West University of Timisoara, Romania, Faculty of Economics and Business Administration

Abstract: The present paper studies the relationship between well-being and the stock market in the USA. We find that there is a relationship between well-being and the capital market. Empirical tests, using the Gallupp Healthways Well-being Index, Standard&Poor’s S&P 500 and the VIX volatility index show a strong and statistically significant impact of the stock market on well-being.

Keywords: well-being; stock market; happiness; uncertainty (search for similar items in EconPapers)
JEL-codes: D53 D60 G10 I31 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2012-07-09
New Economics Papers: this item is included in nep-hap
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Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Does the Market Make us Happy? The Stock Market and Well-being (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:wun:wpaper:2012.feaa.f.03

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