Do Economic Reforms Alleviate Subjective Well-Being Losses of Economic Crises?

TY - JOUR

T1 - Do Economic Reforms Alleviate Subjective Well-Being Losses of Economic Crises?

AU - Bjørnskov, Christian

N1 - Campus adgang til artiklen / Campus access to the article

PY - 2014

Y1 - 2014

N2 - Major economic crises tend to be followed by crises in subjective well-being. Following the financial and debt crises, politicians and social scientists have engaged in heated discussions of ways to alleviate such losses. In particular, should governments intervene more or less? This paper explores whether liberalizing economic institutions, a type of reform favoured by some economists, is likely to alleviate such loses. Estimating the effects of crises across European states 1975–2011 suggest that countries with relatively easy market regulations suffered smaller well-being losses.

AB - Major economic crises tend to be followed by crises in subjective well-being. Following the financial and debt crises, politicians and social scientists have engaged in heated discussions of ways to alleviate such losses. In particular, should governments intervene more or less? This paper explores whether liberalizing economic institutions, a type of reform favoured by some economists, is likely to alleviate such loses. Estimating the effects of crises across European states 1975–2011 suggest that countries with relatively easy market regulations suffered smaller well-being losses.

KW - Subjective well-being

KW - Institutions

KW - Crisis

U2 - 10.1007/s10902-013-9442-y

DO - 10.1007/s10902-013-9442-y

M3 - Journal article

SN - 1389-4978

VL - 15

SP - 163

EP - 182

JO - Journal of Happiness Studies

JF - Journal of Happiness Studies

IS - 1

ER -