TY  - RPRT
        AU  - Cheng, Terence Chai
AU  - Kim, Seonghoon
AU  - Koh, Kanghyock
        TI  - The Impact of COVID-19 on Subjective Well-Being: Evidence from Singapore
        PY  - 2020/Sep/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 13702
        UR  - https://www.iza.org/index.php/publications/dp13702
        AB  - 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.
        KW  - individual-level monthly panel data
KW  - subjective well-being
KW  - life satisfaction
KW  - pandemic
KW  - COVID-19
KW  - difference-in-differences
        ER  -