Table 4.

Economic Growth and Well-Being

	Gallup World Poll		Eurobarometer		BRFSS
	(1)	(2)	(3)	(4)	(5)	(6)
	Cantril Ladder		Life Satisfaction		Life Satisfaction
Economic Growth	0.561***		2.312***		0.436***
	(0.168)		(0.435)		(0.075)
Negative Growth		−1.354***		−5.788***		−0.489***
		(0.340)		(1.293)		(0.146)
Positive Growth		0.233		0.913**		0.357***
		(0.201)		(0.375)		(0.134)
Countries/States	157	157	15	15	51	51
Macro observations	968	968	508	508	1233	1233
Micro observations	1,166,517	1,166,517	1,092,999	1,092,999	2,260,476	2,260,476
R2	0.034	0.034	0.030	0.031	0.060	0.060

Robust standard errors in parentheses, adjusted for clustering at the country-year level in the Gallup and Eurobarometer, and at the state-quarter level in the BRFSS. All outcomes variables are standardised (mean=0, SD=1). Gallup World Poll data is collected between 2005–2013; Eurobarometer 1973–2013; BRFSS 2005–2010. All regressions include individual-level controls: age, age-squared, education level, gender, marital status. Country fixed effects and survey wave dummies are included in all of the Eu-robarometer and Gallup models; state fixed effects and seasonal dummies are included in the BRFSS models. Negative and Positive Growth terms are splines, such that negative (positive) growth is equal to the absolute value of the growth rate when it is negative (positive) and zero otherwise.

^*p < 0.1

^**p < 0.05

^***p < 0.01.