Aghion, Philippe. <br/><br/>
Creative Destruction and Subjective Wellbeing / 
Philippe Aghion, Ufuk Akcigit, Angus Deaton, Alexandra Roulet. 
 - Cambridge, Mass.  National Bureau of Economic Research  2015. 
 - 1 online resource:  illustrations (black and white); 
 - NBER working paper series  no. w21069 .
 - Working Paper Series (National Bureau of Economic Research)  no. w21069. .
<br/><br/> April 2015. 
<br/><br/> 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. 
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