An Exploration of the Determinants of the Subjective Well-being of Americans During the Great Recession: = Examen des déterminants du bien-être subjectif des Américains pendant la récession

This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective wellbeing reflected in the OECD Better Life Framework impact subjective well-being. The results show th...

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Bibliographic Details
Main Author: Caldera Sánchez, Aida (Author)
Other Authors: Tassot, Caroline (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2014
Series:OECD Economics Department Working Papers no.1158
Subjects:
Online Access:DE-862
DE-863
Summary:This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective wellbeing reflected in the OECD Better Life Framework impact subjective well-being. The results show that income is an important determinant of subjective well-being. The unemployed and the disabled are significantly less satisfied with their lives than the working population, while the retired and the homemakers are more satisfied. The paper expands the existing evidence by showing that homeowners, registered voters and those with access to health insurance have higher levels of subjective well-being. Time spent walking or exercising is positively correlated with happiness, while working more than 50 hours per week or spending time on health-related activities is negatively correlated with subjective well-being, and higher levels of anxiety. This Working Paper relates to the 2014 OECD Economic Survey of United States (www.oecd.org/eco/surveys/economic-survey-united-states.htm)
Physical Description:1 Online-Ressource (28 Seiten) 21 x 29.7cm.

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