Well-being over time in Britain and the USA
UNSPECIFIED. (2004) Well-being over time in Britain and the USA. JOURNAL OF PUBLIC ECONOMICS, 88 (7-8). pp. 1359-1386. ISSN 0047-2727Full text not available from this repository.
Official URL: http://dx.doi.org/10.1016/S0047-2727(02)00168-8
This paper studies happiness in the United States and Great Britain. Reported levels of wellbeing have declined over the last quarter of a century in the US; life satisfaction has run approximately flat through time in Britain. These findings are consistent with the Easterlin hypothesis [Nations and Households in Economic Growth: Essays in Honour of Moses Abramowitz (1974) Academic Press; J. Econ. Behav. Org., 27 (1995) 35]. The happiness of American blacks, however, has risen. White women in the US have been the biggest losers since the 1970s. Well-being equations have a stable structure. Money buys happiness. People care also about relative income. Well-being is U-shaped in age. The paper estimates the dollar values of events like unemployment and divorce. They are large. A lasting marriage (compared to widowhood as a 'natural' experiment), for example, is estimated to be worth $100,000 a year. (C) 2002 Published by Elsevier B.V.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions|
|Journal or Publication Title:||JOURNAL OF PUBLIC ECONOMICS|
|Publisher:||ELSEVIER SCIENCE SA|
|Number of Pages:||28|
|Page Range:||pp. 1359-1386|
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