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@techreport{NBERw21069,
 title = "Creative Destruction and Subjective Wellbeing",
 author = "Aghion, Philippe and Akcigit, Ufuk and Deaton, Angus and Roulet, Alexandra",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "21069",
 year = "2015",
 month = "April",
 doi = {10.3386/w21069},
 URL = "http://www.nber.org/papers/w21069",
 abstract = {In this paper we analyze the relationship between turnover-driven growth and subjective wellbeing, using cross-sectional MSA level US data. We find that the effect of creative destruction on wellbeing is (i) unambiguously positive if we control for MSA-level unemployment, less so if we do not; (ii) more positive on future wellbeing than on current well-being; (iii) more positive in MSAs with faster growing industries or with industries that are less prone to outsourcing; (iv) more positive in MSAs within states with more generous unemployment insurance policies.},
}