The Impact of Economic Crisis on Happiness

• Main Author: Dora Gudmundsdottir
• Format: Article in Journal/Newspaper
• Language: unknown
• Subjects: Downfall; Iceland
• Online Access: http://hdl.handle.net/10.1007/s11205-011-9973-8

There is a common belief that economic crisis will lead to a decrease in subjective wellbeing. Previous studies indicate that income is correlated with happiness and unemployment with unhappiness. The relationship between increased income and happiness is well documented while the impact of decrease...