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. 2021 Feb 19;89(1):25–43. doi: 10.1111/saje.12284

Table 5.

Lockdown effect on happiness – Event study

Dependent variable: GNH
3 Weeks before lockdown 0.050
(0.032)
2 Weeks before lockdown −0.008
(0.035)
1 Week before lockdown −0.316***
(0.059)
Week of the lockdown −0.514***
(0.029)
1 Week after lockdown −0.433***
(0.035)
2 Weeks after lockdown −0.233***
(0.049)
3 Weeks after lockdown −0.063**
(0.025)
Lagged new deaths per million 0.0035
(0.010)
Lagged new deaths per million squared 0.00003
(0.0009)
Year FE Yes
Country FE Yes
R2 0.89

Standard errors are clustered at the level of observation. There are 150 clusters. The fourth week before lockdown is the reference week.

*

p < 0.10,

**

p < 0.05,

***

p < 0.01.

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