Creative Destruction and Subjective Well-Being.
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ABSTRACT:
SUBMITTER: Aghion P
PROVIDER: S-EPMC5510036 | biostudies-literature | 2016 Dec
REPOSITORIES: biostudies-literature
Publications
Creative Destruction and Subjective Well-Being.
Aghion Philippe P Akcigit Ufuk U Deaton Angus A Roulet Alexandra A
The American economic review 20161201 12
In this paper we analyze the relationship between turnover-driven growth and subjective wellbeing. Our model of innovation-led growth and unemployment predicts that: (<i>i</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; (<i>ii</i>) job creation has a positive and job destruction has a negative impact on wellbeing; (<i>iii</i>) job destruction has a less negative impact in US Metropolitan ...[more]
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Project description: Not available
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