The impact of local shocks on well-being: Only a matter of perception?

Weisser, R. ORCID: 0000-0002-1717-5697 and Stein, W., 2018. The impact of local shocks on well-being: Only a matter of perception? Hannover: Leibniz University Hannover.

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Abstract

This paper investigates how witnessing adverse events affects individuals' perceptions and consequently their personal subjective well-being. In order to do so, we compare material well-being dynamics with changes in subjective well-being. We link GIS data on local flood shocks to an extensive household sample from rural Southeast Asia. This allows us to contrast individuals who actually experienced a shock with those who did not. We find that the mere proximity to a potentially adverse flood shock, without any direct impact on a household's material well-being, can be sufficient to affect subjective well-being.

Item Type: Working paper
Description: Hannover Economic Papers (HEP); no. 634
Creators: Weisser, R. and Stein, W.
Publisher: Leibniz University Hannover
Place of Publication: Hannover
Date: July 2018
Number: 634
Identifiers:
NumberType
1214758Other
Divisions: Schools > Nottingham Business School
Depositing User: Jonathan Gallacher
Date Added: 27 Nov 2019 11:17
Last Modified: 27 Nov 2019 11:17
URI: http://irep.ntu.ac.uk/id/eprint/38568

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