We argue that past events experienced during the critical ages of 18-25 can influence an individual's future entrepreneurship based on the "impressionable years hypothesis". Accordingly, we empirically investigate the relationship between bad economic conditions during youth and later-life...

We examine the short-term labour market effects of COVID-19 and the associated national lockdown in Australia by estimating person-fixed-effects models using the Longitudinal Labour Force Survey. COVID19 decreased labour force participation (LFP) by 2.1%, increased unemployment by 1.1% and...

Welfare and well-being have traditionally been gauged by using income and employment statistics, life expectancy, and other objective measures. The Economics of Happiness, which is based on people's reports of how their lives are going, provides a complementary yet radically different approach...

A number of studies - including our own - find a mid-life dip in well-being. Yet several papers in the psychology literature claim that the evidence of a U-shape is "overblown" and if there is such a thing that any such decline is "trivial". Others have claimed that the evidence of a U-shape "is...

This study shows that the Xero Small Business Index (XSBI) monthly sales growth data can be used to predict the same period's nominal gross domestic product (GDP) growth (year-on-year) in the United Kingdom, Australia and New Zealand.1 Assuming that the small business sector can be used as a...