Uncertainty, financial crises, and subjective well-being

Arbeitspapier

This paper focuses on the effect of uncertainty as reflected by financial market variables on subjective well-being. The analysis is based on Eurobarometer surveys, covering 20 countries over the period from 2000 to 2013. Individuals report lower levels of life satisfaction in times of higher uncertainty approximated by stock market volatility. This effect is heterogeneous across respondents: The probability of being unsatisfied is higher for respondents who are older, less educated, and live in one of the GIIPS countries of the euro area. Furthermore, higher uncertainty in combination with a financial crisis increases the probability of reporting low values of life satisfaction.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IWH Discussion Papers ; No. 2/2017

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Welfare Economics: General ; Financial Crises ; General Welfare; Well-Being
• Thema: subjective well-being ; uncertainty ; financial crises

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Tonzer, Lena
• Ereignis: Veröffentlichung
• (wer): Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
• (wo): Halle (Saale)
• (wann): 2017

Weitere Informationen

• Handle: http://hdl.handle.net/10419/149644
• URN: urn:nbn:de:gbv:3:2-67709
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ