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

Authors

Chew Ging Lee, University of Nottingham
Pek Kim Ng, University Of Nottingham Malaysia Campus
Cassey Lee, University of WollongongFollow

RIS ID

84253

Publication Details

Lee, C., Ng, P. & Lee, C. (2013). Short-run and long-run causalities between happiness, income and unemployment in Japan. Applied Economics Letters, 20 (18), 1636-1639.

Abstract

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.