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http://hdl.handle.net/1893/10195| Appears in Collections: | Economics Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Well-being over time in Britain and the USA |
| Author(s): | Blanchflower, David Oswald, Andrew J |
| Contact Email: | david.blanchflower@stir.ac.uk |
| Keywords: | Well-being Happiness Britain USA |
| Issue Date: | Jul-2004 |
| Date Deposited: | 12-Dec-2012 |
| Citation: | Blanchflower D & Oswald AJ (2004) Well-being over time in Britain and the USA. Journal of Public Economics, 88 (7-8), pp. 1359-1386. https://doi.org/10.1016/S0047-2727%2802%2900168-8 |
| Abstract: | This paper studies happiness in the United States and Great Britain. Reported levels of well-being 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. |
| DOI Link: | 10.1016/S0047-2727(02)00168-8 |
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| Licence URL(s): | http://www.rioxx.net/licenses/under-embargo-all-rights-reserved |
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