Journal article
The asymmetric experience of positive and negative economic growth: Global evidence using subjective well-being data
- Abstract:
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Are individuals more sensitive to losses than gains in terms of economic growth? We find that measures of subjective well-being are more than twice as sensitive to negative as compared to positive economic growth. We use Gallup World Poll data from over 150 countries, BRFSS data on 2.3 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 growt...
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- Publication status:
- Published
- Peer review status:
- Peer reviewed
Actions
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- Files:
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(Accepted manuscript, pdf, 861.2KB)
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- Publisher copy:
- 10.1162/REST_a_00697
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Authors
Funding
+ National Institute on Aging
More from this funder
Funding agency for:
De Neve, J
Grant:
R01AG040640
+ Economic and Social Research Council
More from this funder
Funding agency for:
De Neve, J
Grant:
R01AG040640
Bibliographic Details
- Publisher:
- Massachusetts Institute of Technology Publisher's website
- Journal:
- Review of Economics and Statistics Journal website
- Volume:
- 100
- Issue:
- 2
- Publication date:
- 2018-05-04
- Acceptance date:
- 2017-02-22
- DOI:
- ISSN:
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1530-9142
- Source identifiers:
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684214
Item Description
- Keywords:
- Pubs id:
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pubs:684214
- UUID:
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uuid:85454dbd-2797-4138-b0cf-d496a5078261
- Local pid:
- pubs:684214
- Deposit date:
- 2017-03-08
Terms of use
- Copyright holder:
- President and Fellows of Harvard College
- Copyright date:
- 2018
- Notes:
- © 2018 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology. This is the publisher's version of the article. The final version is available online from MIT at: 10.1162/rest_a_00697
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