The Macroeconomics of Happiness

@article{Tella2003TheMO,
  title={The Macroeconomics of Happiness},
  author={Rafael M. Di Tella and Robert J. MacCulloch and Andrew J. Oswald},
  journal={Review of Economics and Statistics},
  year={2003},
  volume={85},
  pages={809-827}
}
We show that macroeconomic movements have strong effects on the happiness of nations. First, we find that there are clear microeconomic patterns in the psychological well-being levels of a quarter of a million randomly sampled Europeans and Americans from the 1970s to the 1990s. Happiness equations are monotonically increasing in income, and have similar structure in different countries. Second, movements in reported well-being are correlated with changes in macroeconomic variables such as… 
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This paper investigates the spatial pattern of the effects of economic conditions on subjective well-being, using a large sample of individuals from 81 countries throughout the world. We find
ABSTRACT The Great Happiness Moderation
This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced positive income growth over the last forty years, in particular in developed
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