Well-Being and Financial Indicators: Linking Individual and Macro Data in a Cross-Country Analysis

Wed 19 February 2020

Mill Lane Lecture Rooms

In this paper we study the direct link between subjective well-being and macro-financial conditions, using cross-country data and individual reports on life satisfaction. Although subjective well-being and its relationship with socio-economic variables and macroeconomic conditions have been studied extensively, evidence of its relationship with macro-financial variables is limited. After controlling for macroeconomic indicators and individual characteristics, we find evidence of associations between three macro-financial indicators and subjective well-being. Our results demonstrate that stock market performance, house price deviations from its long-run trend, and cost of access to credit for households and firms all have a significant effect on life satisfaction.

ABOUT THE SPEAKER

Yaprak Tavman is a Lecturer in Economics at the New College of the Humanities (NCH) at Northeastern. Before joining NCH Yaprak Tavman worked as Lecturer in Economics at Newcastle University for two years.
She has obtained her PhD in Economics from the University of York, where she has also worked as a Teaching Fellow. She has completed her MSc in Economics and Finance with distinction at the University of York and was a Jean Monnet Scholar during her postgraduate studies. Her main area of research is macroeconomics, with specialisations in financial markets and the macroeconomy, macroprudential regulation and financial stability, and central bank policies.

Cost: free