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Short-run and long-run causalities between happiness, income and unemployment in Japan

By: Contributor(s): Material type: TextTextSeries: Applied Economics Letters ; Volume , number ,New York Taylor & Francis 2013Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
Subject(s): Online resources: Summary: This article examines the short-run and long-run causal interactions between happiness and two economic variables in Japan, namely, unemployment and income. Results suggest that whilst more rapid economic growth and lower levels of unemployment are important in raising people’s well-being in the short run, it is the relative growth performance of the economy that matters in the long run.
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This article examines the short-run and long-run causal interactions between happiness and two economic variables in Japan, namely, unemployment and income. Results suggest that whilst more rapid economic growth and lower levels of unemployment are important in raising people’s well-being in the short run, it is the relative growth performance of the economy that matters in the long run.

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