%0 Report
        %A Cheng, Terence Chai
%A Kim, Seonghoon
%A Koh, Kanghyock
        %T The Impact of COVID-19 on Subjective Well-Being: Evidence from Singapore
        %D 2020
        %8 2020 Sep
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 13702
        %U https://www.iza.org/index.php/publications/dp13702
        %X We provide novel evidence on how the COVID-19 global health and economic crisis is affecting overall life satisfaction and domain-specific satisfaction using data from a monthly longitudinal survey of middle-aged and older Singaporeans. Using a difference-in-differences framework, we document large declines in overall life satisfaction and domain-specific satisfaction during the COVID-19 outbreak, except satisfaction with health. These declines coincide with the introduction of a nationwide lockdown, with life satisfaction remaining below its pre-pandemic levels even after the lockdown is lifted. We also find that individuals who report a drop in household income during the COVID-19 outbreak experience a decline in overall life satisfaction almost twice as large as those who do not report any income loss.
        %K individual-level monthly panel data
%K subjective well-being
%K life satisfaction
%K pandemic
%K COVID-19
%K difference-in-differences