The Psychological Cost of the Great Recession
We all know about the effect of the Great Recession on wages and wealth. But what about its impact on psychological well-being? Jan-Emmaneul De Neve of UCL has worked on this area and in the video below he explains how recessions affects our mental well-being. His basic message is that because we weight economic losses more than economic gains, recessions can have a large effect on our well-being.