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首页> 外文期刊>Journal of Urban Economics >Pain at the pump: Gasoline prices and subjective well-being
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Pain at the pump: Gasoline prices and subjective well-being

机译:痛不欲生:汽油价格和主观幸福感

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摘要

In recent years, there has been growing interest in the health implications of rising gasoline prices. This paper considers the impact of gasoline prices on subjective well-being, as captured by survey questions on happiness and life satisfaction. Using rich data from the DDB Worldwide Communications Life Style™ survey, we document a negative relationship between gasoline prices and self-reported life satisfaction over the period 1985-2005. The estimated reduction in well-being, moreover, is found to be nearly twice as large among groups of likely car owners. Interestingly, although rising gasoline prices lead to an imme diate deterioration in subjective well-being, analyses of lagged prices suggest that well-being almost fully rebounds 1 year later and changes very little each year thereafter. Our contemporaneous estimates imply that rising gasoline prices generate well-being losses comparable to faltering labor market conditions, and likely offset some of the physical health benefits found in previous research.
机译:近年来,人们对汽油价格上涨带来的健康影响越来越感兴趣。本文考虑了汽油价格对主观幸福感的影响,如有关幸福感和生活满意度的调查问题所反映的那样。使用来自DDB Worldwide Communications Life Style™调查的丰富数据,我们记录了1985年至2005年期间汽油价格与自我报告的生活满意度之间的负相关关系。此外,据估计,在可能的车主群体中,福利的下降几乎是其两倍。有趣的是,尽管汽油价格上涨导致主观幸福感立即恶化,但对滞后价格的分析表明,幸福感在一年后几乎完全反弹,此后每年几乎没有变化。我们同时进行的估算表明,汽油价格上涨会产生与劳动力市场状况动荡不相称的福利损失,并且可能抵消了先前研究中发现的某些身体健康益处。

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