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Short-run and long-run causalities between happiness, income and unemployment in Japan

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  • Chew Ging Lee
  • Pek Kim Ng
  • Cassey Lee

Abstract

This article examines the short-run and long-run causal interactions between happiness and two economic variables in Japan, namely, unemployment and income. Results suggest that whilst more rapid economic growth and lower levels of unemployment are important in raising people's well-being in the short run, it is the relative growth performance of the economy that matters in the long run.

Suggested Citation

  • Chew Ging Lee & Pek Kim Ng & Cassey Lee, 2013. "Short-run and long-run causalities between happiness, income and unemployment in Japan," Applied Economics Letters, Taylor & Francis Journals, vol. 20(18), pages 1636-1639, December.
    • Handle: RePEc:taf:apeclt:v:20:y:2013:i:18:p:1636-1639
    DOI: 10.1080/13504851.2013.829195
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    References listed on IDEAS

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    1. Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-659, May.
    2. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    3. Ruut Veenhoven, 1991. "Is happiness relative?," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 24(1), pages 1-34, February.
    4. Granger, C. W. J., 1988. "Some recent development in a concept of causality," Journal of Econometrics, Elsevier, vol. 39(1-2), pages 199-211.
    5. Liliana Winkelmann & Rainer Winkelmann, 1998. "Why Are the Unemployed So Unhappy?Evidence from Panel Data," Economica, London School of Economics and Political Science, vol. 65(257), pages 1-15, February.
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    Cited by:

    1. Thomas Wai-Kee Yuen & Winnie Wan-Ling Chu, 2015. "Happiness in ASEAN member states," International Journal of Happiness and Development, Inderscience Enterprises Ltd, vol. 2(1), pages 69-83.
    2. Tsangyao Chang & Hsiao-Ping Chu & Frederick W. Deale & Rangan Gupta, 2014. "Relationship between Happiness and Smoking: A Bootstrap Panel Causality Test," Working Papers 201443, University of Pretoria, Department of Economics.
    3. Bonasia, Mariangela & Napolitano, Oreste & Spagnolo, Fabio & Spagnolo, Nicola, 2022. "The economic and welfare state determinants of well-being in Europe," International Economics, Elsevier, vol. 171(C), pages 49-57.

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