NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Financial Crisis and the Well-Being of Americans

Angus S. Deaton

NBER Working Paper No. 17128
Issued in June 2011

---- Acknowledgements -----

The Hicks Lecture, Oxford, May 16th, 2011. I am grateful to the Gallup Organization for access to their data, to Jim Harter of Gallup for his extensive help in understanding the design of the Gallup Healthways Wellbeing Index survey, and to Sangeeta Agrawal, Jim Harter, and Frank Newport for leading Gallup’s work on the adjustments discussed here. I thank Daniel Kahneman, Daniel McFadden and Norbert Schwarz for extensive help and comments. I also acknowledge helpful comments on an earlier version from Tony Atkinson, David Cutler, Paul Dolan, Marc Fleurbaey, Ori Heffetz, John Helliwell, David Laibson, Richard Layard, John Muellbauer, Matthew Rabin and Arthur Stone. This work was supported by the Gallup Organization and by the National Institute on Aging through grants AG024928–06 and P30 AG024361 to Princeton and P01 AG05842-14 and R01 AG049629-01 to the National Bureau of Economic Research. I am a consulting Senior Scientist with the Gallup Organization. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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