Tuesday, September 27, 2011

The Financial Crisis and the Well-Being of Americans

The Great Recession was associated with large changes in income, wealth, and unemployment, changes that affected many lives. Since January 2008, the Gallup Organization has been collecting daily data on 1,000 Americans each day, with a range of self-reported well-being (SWB) questions. Angus Deaton uses these data to examine how the recession affected the emotional and evaluative lives of the population, as well as of subgroups within it. Read the abstract or read the complete NBER report here.

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