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The Midlife Crisis

Summary:
On VoxEU, David Blanchflower and Andrew Oswald argue that it exists. Overall, we think there is a great deal of evidence – though we have critics, especially among a small group of social psychologists – that humans experience a midlife psychological ‘low’. The midlife decline in wellbeing is apparently substantial and not minor … It should perhaps be emphasised that the midlife low is not affected by regression-equation controls for having young children, nor by changing the exact nature of the dependent variable.

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On VoxEU, David Blanchflower and Andrew Oswald argue that it exists.

Overall, we think there is a great deal of evidence – though we have critics, especially among a small group of social psychologists – that humans experience a midlife psychological ‘low’. The midlife decline in wellbeing is apparently substantial and not minor … It should perhaps be emphasised that the midlife low is not affected by regression-equation controls for having young children, nor by changing the exact nature of the dependent variable.

Dirk Niepelt
Dirk Niepelt is Director of the Study Center Gerzensee and Professor at the University of Bern. A research fellow at the Centre for Economic Policy Research (CEPR, London), CESifo (Munich) research network member and member of the macroeconomic committee of the Verein für Socialpolitik, he served on the board of the Swiss Society of Economics and Statistics and was an invited professor at the University of Lausanne as well as a visiting professor at the Institute for International Economic Studies (IIES) at Stockholm University.

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