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dc.contributor.authorBrown, Sarahen_UK
dc.contributor.authorKontonikas, Alexandrosen_UK
dc.contributor.authorMontagnoli, Albertoen_UK
dc.contributor.authorMoro, Mirkoen_UK
dc.contributor.authorOnnis, Luisannaen_UK
dc.description.abstractWe examine the linkages between fiscal austerity and life satisfaction across twelve European countries using a sample of repeated cross-sections of individuals from 1999 to 2014. Austerity policies may trigger several responses at both the macro and micro-level, which in turn may affect life satisfaction directly or indirectly. We employ mediation analysis to account for these complex relationships linking austerity to an individual’s life satisfaction, their economic expectations and their likelihood of unemployment. We find that austerity policies primarily affect individual life satisfaction via the economic expectations channel. Austerity dampens optimism about the future and this response has a negative effect on life satisfaction across a range of measures of economic expectations. In addition, our results suggest that changes in government expenditure, as opposed to taxation, matter for life satisfaction.en_UK
dc.relationBrown S, Kontonikas A, Montagnoli A, Moro M & Onnis L (2021) Life satisfaction and austerity: Expectations and the macroeconomy. Journal of Behavioral and Experimental Economics, 95, Art. No.: 101780.
dc.rightsThis item has been embargoed for a period. During the embargo please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study. Accepted refereed manuscript of: Brown S, Kontonikas A, Montagnoli A, Moro M & Onnis L (2021) Life satisfaction and austerity: Expectations and the macroeconomy. Journal of Behavioral and Experimental Economics, 95, Art. No.: 101780. © 2021, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International
dc.subjectEconomic expectationsen_UK
dc.subjectFiscal austerityen_UK
dc.subjectLife satisfactionen_UK
dc.subjectMacroeconomic environmenten_UK
dc.titleLife satisfaction and austerity: Expectations and the macroeconomyen_UK
dc.typeJournal Articleen_UK
dc.rights.embargoreason[Austerity_and_life_satisfaction.pdf] Publisher requires embargo of 24 months after publication.en_UK
dc.citation.jtitleJournal of Behavioral and Experimental Economicsen_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.contributor.funderThe Leverhulme Trusten_UK
dc.contributor.affiliationUniversity of Sheffielden_UK
dc.contributor.affiliationUniversity of Essexen_UK
dc.contributor.affiliationUniversity of Sheffielden_UK
dc.contributor.affiliationCardiff Universityen_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
local.rioxx.authorBrown, Sarah|en_UK
local.rioxx.authorKontonikas, Alexandros|en_UK
local.rioxx.authorMontagnoli, Alberto|en_UK
local.rioxx.authorMoro, Mirko|en_UK
local.rioxx.authorOnnis, Luisanna|en_UK
local.rioxx.projectProject ID unknown|The Leverhulme Trust|en_UK
Appears in Collections:Economics Journal Articles

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