The (Subjective) Well-Being Cost of Fiscal Policy Shocks

The (Subjective) Well-Being Cost of Fiscal Policy Shocks
Do discretionary spending cuts and tax increases hurt social well-being? To answer this question, we combine subjective well-being data covering over half a million of individuals across 13 European countries, with macroeconomic data on fiscal consolidations. We find that fiscal consolidations reduce individual well-being in the short run,... READ MORE...

Publication date: January 2020
ISBN 9781513525846
$18.00

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