The Daily Stat from Harvard Business Review

 

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November 05, 2014 Bad Economic News Hurts, but Good News Has Little Impact Economic downturns have more than twice as much impact on individual happiness as equivalent upturns, according to surveys from 151 countries and a wealth of other data. The finding, reported in a working paper by Jan-Emmanuel De Neve of University College London and five colleagues, may explain why well-being has stayed flat in most developed nations despite huge gains in GDP: Because people experience macroeconomic losses more acutely than periods of growth, the occasional recession can rapidly undo any well-being gains from longer periods of economic expansion. SOURCE: Individual Experience of Positive and Negative Growth Is Asymmetric: Global Evidence from Subjective Well-Being Data

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