Replication data for: Creative Destruction and Subjective Well-Being

Principal Investigator(s): View help for Principal Investigator(s) Philippe Aghion; Ufuk Akcigit; Angus Deaton; Alexandra Roulet

Version: View help for Version V1

Name	File Type	Size	Last Modified
20150338_data			10/12/2019 03:47:AM
LICENSE.txt	text/plain	14.6 KB	10/11/2019 11:47:PM

Project Citation:

Aghion, Philippe, Akcigit, Ufuk, Deaton, Angus, and Roulet, Alexandra. Replication data for: Creative Destruction and Subjective Well-Being. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113047V1

Project Description

Summary: In this paper we analyze the relationship between turnover-driven growth and subjective well-being. Our model of innovation-led growth and unemployment predicts that: (i) the effect of creative destruction on expected individual welfare should be unambiguously positive if we control for unemployment, less so if we do not; (ii) job creation has a positive and job destruction has a negative impact on well-being; (iii) job destruction has a less negative impact in areas with more generous unemployment insurance policies; and (iv) job creation has a more positive effect on individuals that are more forward-looking. The empirical analysis using cross sectional MSA (metropolitan statistical area)-level and individual-level data provide empirical support to these predictions.

Scope of Project

JEL Classification:
      I31 General Welfare; Well-Being
      J63 Labor Turnover; Vacancies; Layoffs
      J65 Unemployment Insurance; Severance Pay; Plant Closings
      O33 Technological Change: Choices and Consequences; Diffusion Processes
      O38 Technological Change: Government Policy

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V1 [2019-10-12]

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