Subjective and Objective Indicators of Racial Progress *
By Betsey Stevenson and Justin Wolfers, University of Pennsylvania, 5/12/10.
Subjective well-being data reveal that blacks are less happy than are whites. However, much of this racial gap in happiness has closed over the past 35 years. We investigate measures of subjective well-being that indicate that the well-being of blacks has increased both absolutely and relative to whites. These changes in well-being are found across various datasets and measures of subjective well-being. However the gains in happiness are concentrated among women and those living in the south. While the opportunities and achievements of blacks have improved over this period, the happiness gains far exceed that which can be attributed to these objective improvements.
Download the entire research article here … http://users.nber.org/~bstevens/Papers/Happiness_Race.pdf