Well-being and economic conditions in Ireland

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dc.contributor.author Walsh, Brendan M.
dc.date.accessioned 2012-06-15T16:03:53Z
dc.date.available 2012-06-15T16:03:53Z
dc.date.issued 2011-12
dc.identifier.uri http://hdl.handle.net/10197/3681
dc.description.abstract By European standards Ireland ranks high on many non-economic indicators of well-being. This paper explores how macroeconomic conditions have affected a range of these indicators. Time series data are used to explore the association between unemployment, inflation, and the level and growth rate of real income on the one hand and measures of subjective well-being and markers of mental health on the other. Over the longer term, 1975-2011, there was no upward trend in self-reported life satisfaction despite the secular improvement in living standards. While higher unemployment reduced life satisfaction over the first half of this period, its effect was weaker in later years. The rate of inflation has not had a significant effect on life satisfaction. There is no evidence that admission rates to psychiatric hospitals are affected by changes in economic conditions. However, higher unemployment is linked to higher suicide rates among younger males, although its effect appears to have weakened during the current recession. Finally, the recent rise in unemployment has had a much smaller impact on the birth rate than that due to the recession of the early 1980s. Overall, the impact of the current recession on the well-being indicators studied here has been surprisingly small. en
dc.description.sponsorship Not applicable en
dc.format.extent 468541 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Economics en
dc.relation.ispartofseries UCD Centre for Economic Research Working Paper Series en
dc.relation.ispartofseries WP11/27 en
dc.relation.requires Economists Online Collection & RePEc en
dc.subject Well-being indicators en
dc.subject Mental health en
dc.subject Suicide en
dc.subject Birth rate en
dc.subject Unemployment en
dc.subject Inflation en
dc.subject.lcsh Well-being--Economic aspects--Ireland en
dc.subject.lcsh Mental health--Economic aspects--Ireland en
dc.subject.lcsh Unemployment--Psychological aspects--Ireland en
dc.title Well-being and economic conditions in Ireland en
dc.type Working Paper en
dc.internal.availability Full text available en
dc.internal.webversions http://www.ucd.ie/t4cms/WP11_27.pdf en
dc.status Not peer reviewed en
dc.neeo.contributor Walsh|Brendan M.|aut| en
dc.description.admin ti - kpw12/12/11 en


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