The Lasting Well-Being Effects of Early Adulthood Macroeconomic Crises

Hovi, Matti

[journal article]

dc.contributor.author	Hovi, Matti	de
dc.date.accessioned	2024-02-06T07:09:49Z
dc.date.available	2024-02-06T07:09:49Z
dc.date.issued	2023	de
dc.identifier.uri	https://www.ssoar.info/ssoar/handle/document/91914
dc.description.abstract	This paper studies the effects of macroeconomic crises experienced in early adulthood on subjective well-being (SWB) later in life. Using repeated cross-sectional survey data of over 100,000 individuals from 38 countries around the world combined with historical data on macroeconomic circumstances, I find that having experienced a macroeconomic crisis at ages 18-25 is detrimental to SWB. This result is in line with earlier literature that focuses on other individual-level outcomes. However, the analysis presented in this paper reveals that outcomes related to individual’s earnings, employment status, family life, and religion cannot fully explain the lasting effect of macroeconomic crises on well-being. Results on heterogeneous responses show that the negative effect is largest for females and for individuals with low educational attainment.	de
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.subject.ddc	Psychologie	de
dc.subject.ddc	Psychology	en
dc.subject.other	subjective well-being; macroeconomic crises; European Values Study Longitudinal Data File 1981-2008 (EVS 1981-2008) (ZA4804 v3.0.0)	de
dc.title	The Lasting Well-Being Effects of Early Adulthood Macroeconomic Crises	de
dc.description.review	begutachtet (peer reviewed)	de
dc.description.review	peer reviewed	en
dc.source.journal	Review of Income and Wealth
dc.source.volume	69	de
dc.publisher.country	GBR	de
dc.source.issue	1	de
dc.subject.classoz	Allgemeines, spezielle Theorien und Schulen, Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften	de
dc.subject.classoz	Basic Research, General Concepts and History of Economics	en
dc.subject.classoz	Allgemeine Psychologie	de
dc.subject.classoz	General Psychology	en
dc.subject.thesoz	EVS	de
dc.subject.thesoz	EVS	en
dc.subject.thesoz	Wohlbefinden	de
dc.subject.thesoz	well-being	en
dc.subject.thesoz	Glück	de
dc.subject.thesoz	happiness	en
dc.subject.thesoz	Lebenszufriedenheit	de
dc.subject.thesoz	satisfaction with life	en
dc.subject.thesoz	junger Erwachsener	de
dc.subject.thesoz	young adult	en
dc.subject.thesoz	Makroökonomie	de
dc.subject.thesoz	macroeconomics	en
dc.subject.thesoz	Rezession	de
dc.subject.thesoz	recession	en
dc.identifier.urn	urn:nbn:de:0168-ssoar-91914-0
dc.rights.licence	Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung 4.0	de
dc.rights.licence	Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0	en
ssoar.contributor.institution	FDB	de
internal.status	formal und inhaltlich fertig erschlossen	de
internal.identifier.thesoz	10079761
internal.identifier.thesoz	10045580
internal.identifier.thesoz	10045833
internal.identifier.thesoz	10050732
internal.identifier.thesoz	10035323
internal.identifier.thesoz	10051557
internal.identifier.thesoz	10049572
dc.type.stock	article	de
dc.type.document	Zeitschriftenartikel	de
dc.type.document	journal article	en
dc.source.pageinfo	76-99	de
internal.identifier.classoz	10901
internal.identifier.classoz	10703
internal.identifier.journal	2322
internal.identifier.document	32
internal.identifier.ddc	330
internal.identifier.ddc	150
dc.identifier.doi	https://doi.org/10.1111/roiw.12551	de
dc.description.pubstatus	Veröffentlichungsversion	de
dc.description.pubstatus	Published Version	en
internal.identifier.licence	20
internal.identifier.pubstatus	1
internal.identifier.review	1
internal.pdf.valid	false
internal.pdf.wellformed	true
internal.pdf.encrypted	false

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Allgemeine Psychologie
General Psychology
Allgemeines, spezielle Theorien und "Schulen", Methoden, Entwicklung und Geschichte der Wirtschaftswissenschaften
Basic Research, General Concepts and History of Economics

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