Replication data for: Creative Destruction and Subjective Well-Being
- Aghion, Philippe
- Akcigit, Ufuk
- Deaton, Angus
- Roulet, Alexandra
AbstractIn 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.
Is supplement to
DOI: 10.1257/aer.20150338 (Text)
Aghion, Philippe, Ufuk Akcigit, Angus Deaton, and Alexandra Roulet. “Creative Destruction and Subjective Well-Being.” American Economic Review 106, no. 12 (December 2016): 3869–97. https://doi.org/10.1257/aer.20150338.
- ID: 10.1257/aer.20150338 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12