The relationship between financial asset returns and the well-being of US households
MetadataShow full item record
This note considers the effect of changes on the well-being of US residents owing to changes in the value of various financial assets. Ordinary least squares estimates reveal that equity market returns have a significant and asymmetric, impact on the well-being. This result is likely the result of a wealth effect whereby rising (falling) stock markets increase (decrease) the ability to meet basic needs and this contributes to a shifting assessment of life-situation and overall well-being.
This is an Author's Accepted Manuscript of an article published in the Applied Economics Letters 2014, copyright Taylor & Francis, available online at: <a href="http://www.tandfonline.com/10.1080/13504851.2014.916380">http://www.tandfonline.com/10.1080/13504851.2014.916380</a>
Showing items related by title, author, creator and subject.
Mazzucchelli, Trevor G. (2010)Behavioural activation (BA) treatments for depression require patients to change their overt behaviour so that they may have more rewarding experiences in their lives. Since one of the most promising ways to increase ...
Johnson, Sarah E. (2010)Parental time pressure, in terms of actual workload and subjective reports, is high and likely to increase in the future, with ongoing implications for personal wellbeing. The combination of parenting young children and ...
Sevastos, Peter P. (1996)This thesis investigates the structure of job-related well-being; the identification of variables that contribute to either psychological well-being or distress; and the causal connections among elements of job-related ...