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The effect of the Brexit referendum result on subjective well‐being *
Author(s) -
Kavetsos Georgios,
Kawachi Ichiro,
Kyriopoulos Ilias,
Vandoros Sotiris
Publication year - 2021
Publication title -
journal of the royal statistical society: series a (statistics in society)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.103
H-Index - 84
eISSN - 1467-985X
pISSN - 0964-1998
DOI - 10.1111/rssa.12676
Subject(s) - brexit , referendum , european union , outcome (game theory) , control (management) , political science , economics , demographic economics , psychology , international economics , law , politics , mathematical economics , management
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 the referendum’s outcome led to an overall decrease in subjective well‐being in the United Kingdom compared to a control group. The effect is driven by individuals who hold an overall positive image of the European Union and shows little signs of adaptation during the Brexit transition period. Economic expectations are potential mechanisms of this effect.