The effect of the Brexit referendum result on subjective well-being

Kavetsos, Georgios, Kawachi, Ichiro, Kyriopoulos, Ilias and Vandoros, Sotiris (2018) The effect of the Brexit referendum result on subjective well-being. CEP Discussion Papers (CEPDP1586). London School of Economics and Political Science. Centre for Economic Performance, London, UK.

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Abstract

We study the effect of the Brexit referendum result on subjective well-being in the United Kingdom. Using a quasi-experimental design, we find that this outcome led to an overall decrease in subjective well-being in the UK compared to a control group. The effect is driven by individuals who hold an overall positive attitude towards the EU and shows little signs of adaptation. Subjective well-being of those with a very negative attitude towards the EU increases in the short-run but turns negative, possibly due to unmet expectations. Using three different measures of socio-economic connection between the UK and other European countries, we generally do not find evidence supporting the presence of spillover effects of the Brexit referendum result on subjective well-being of individuals in other EU countries.

Item Type:	Monograph (Discussion Paper)
Official URL:	http://cep.lse.ac.uk/
Additional Information:	© 2018 The Authors
Divisions:	Centre for Economic Performance
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HM Sociology H Social Sciences > HV Social pathology. Social and public welfare. Criminology
JEL classification:	D - Microeconomics > D7 - Analysis of Collective Decision-Making > D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legislatures, and Voting Behavior I - Health, Education, and Welfare > I3 - Welfare and Poverty > I30 - General I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness I - Health, Education, and Welfare > I3 - Welfare and Poverty > I38 - Government Policy; Provision and Effects of Welfare Programs
Date Deposited:	11 Jan 2019 14:32
Last Modified:	15 Sep 2023 23:45
Funders:	Economic and Social Research Council
URI:	http://eprints.lse.ac.uk/id/eprint/91709

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