Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Wellbeing
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This paper analyzes the effects of business cycle volatility on measures of subjective well-being, including self-reported happiness and life satisfaction. I find robust evidence that high inflation and, to a greater extent, unemployment lower perceived well-being. Greater macroeconomic volatility
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美国国家经济研究局创建时间：
2003-04-01
