Skip navigation
User training | Reference and search service

Library catalog

Content aggregators
Please use this identifier to cite or link to this item:

Title: Does the macroeconomic context influence subjective well-being in Europe and Portugal? The puzzling case of the 2008 crisis
Authors: Lopes, H.
Calapez, T.
Porto, C.
Keywords: Subjective well-being
Macroeconomic fluctuations
Social trust
European Social Survey
2008 Crisis
Issue Date: 2014
Publisher: Intellect
Abstract: The happiness economics literature shows that, contrary to what happens in the long run, subjective well-being (SWB) and income evolve together in the short term. The aim of the present article is to examine whether this result holds in Europe, and in particular in Portugal, during the 2000s. The empirical study is based on the European Social Survey (ESS) micro-data, merged with Eurostat macroeconomic data (rate of change in GDP, unemployment and inflation). Following the literature, our hypothesis is that self-reported well-being increases in expansionary periods and decreases in recessive ones. Results show that, while the association between well-being and macroeconomic fluctuations are as expected from 2002 to 2008, this is no longer the case when the 2010 data is included in the regression models. In fact, well-being increased in ten out of fifteen European countries after the 2008 crisis. Further examination of the Portuguese data shows that people of all age, education levels, health condition and employment status declared to be happier in 2010 when compared to 2008. Such a puzzling result may be explained by expectations and adaptation processes as well as by an increased awareness, possibly prompted by the crisis, that not only income but also social relationships count in life. Our results thus broadly confirm happiness economics findings: well-being is not exclusively linked with income.
Peer reviewed: Sim
ISSN: 1476-413X
Publisher version:
Appears in Collections:DINÂMIA'CET-RI - Artigo em revista científica internacional com arbitragem científica

Files in This Item:
File Description SizeFormat 
publisher_version_Lopes 2014 JPSS.pdf790.46 kBAdobe PDFView/Open    Request a copy

FacebookTwitterDeliciousLinkedInDiggGoogle BookmarksMySpace
Formato BibTex MendeleyEndnote Currículo DeGóis 

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.