Individual experience of positive and negative growth is asymmetric

global evidence from subjective well-being data

Individual experience of positive and negativ ...
Jan-Emmanuel De Neve, Jan-Emma ...
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Last edited by MARC Bot
December 9, 2022 | History

Individual experience of positive and negative growth is asymmetric

global evidence from subjective well-being data

Are individuals more sensitive to losses than gains in macroeconomic growth? Using subjective well-being measures across three large data sets, we observe an asymmetry in the way positive and negative economic growth are experienced, with losses having more than twice as much impact on individual happiness as compared to equivalent gains. We use Gallup World Poll data drawn from 151 countries, BRFSS data taken from a representative sample of 2.5 million US respondents, and Eurobarometer data that cover multiple business cycles over four decades. This research provides a new perspective on the welfare cost of business cycles with implications for growth pol- icy and our understanding of the long-run relationship between GDP and subjective well-being.

Publish Date
Language
English
Pages
34

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Book Details


Edition Notes

"October 2014" -- Publisher's website.

Includes bibliographical references (pages 25-30).

Published in
Boston]
Series
Working paper / Harvard Business School -- 15-021, Working paper (Harvard Business School) -- 15-021.

The Physical Object

Pagination
34 pages
Number of pages
34

ID Numbers

Open Library
OL43505014M
OCLC/WorldCat
893106669

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December 9, 2022 Created by MARC Bot Imported from harvard_bibliographic_metadata record