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The Midlife Crisis

Author

Listed:
  • Giuntella, Osea

    (University of Pittsburgh)

  • McManus, Sally
  • Mujcic, Redzo

    (University of Warwick)

  • Oswald, Andrew J.

    (University of Warwick)

  • Powdthavee, Nattavudh

    (Nanyang Technological University, Singapore)

  • Tohamy, Ahmed

    (University of Warwick)

Abstract
This paper documents a longitudinal crisis of midlife among the inhabitants of rich nations. Yet middle-aged citizens in our data sets are close to their peak earnings, have typically experienced little or no illness, reside in some of the safest countries in the world, and live in the most prosperous era in human history. This is paradoxical and troubling. The finding is consistent, however, with the prediction – one little-known to economists – of Elliott Jaques (1965). Our analysis does not rest on elementary cross-sectional analysis. Instead the paper uses panel and through-time data on, in total, approximately 500,000 individuals. It checks that the key results are not due to cohort effects. Nor do we rely on simple life-satisfaction measures. The paper shows that there are approximately quadratic hill-shaped patterns in data on midlife suicide, sleeping problems, alcohol dependence, concentration difficulties, memory problems, intense job strain, disabling headaches, suicidal feelings, and extreme depression. We believe the seriousness of this societal problem has not been grasped by the affluent world's policy-makers.

Suggested Citation

  • Giuntella, Osea & McManus, Sally & Mujcic, Redzo & Oswald, Andrew J. & Powdthavee, Nattavudh & Tohamy, Ahmed, 2022. "The Midlife Crisis," IZA Discussion Papers 15533, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp15533
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    Other versions of this item:

    • Osea Giuntella & Sally McManus & Redzo Mujcic & Andrew J. Oswald & Nattavudh Powdthavee & Ahmed Tohamy, 2023. "The Midlife Crisis," Economica, London School of Economics and Political Science, vol. 90(357), pages 65-110, January.

    References listed on IDEAS

    as
    1. Mujcic, Redzo & Oswald, Andrew J., 2018. "Is envy harmful to a society's psychological health and wellbeing? A longitudinal study of 18,000 adults," Social Science & Medicine, Elsevier, vol. 198(C), pages 103-111.
    2. Schwandt, Hannes, 2016. "Unmet aspirations as an explanation for the age U-shape in wellbeing," Journal of Economic Behavior & Organization, Elsevier, vol. 122(C), pages 75-87.
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    4. Layard, Richard, 1980. "Human Satisfactions and Public Policy," Economic Journal, Royal Economic Society, vol. 90(363), pages 737-750, December.
    5. Carol Graham & Julia Ruiz Pozuelo, 2017. "Happiness, stress, and age: how the U curve varies across people and places," Journal of Population Economics, Springer;European Society for Population Economics, vol. 30(1), pages 225-264, January.
    6. Graham, Carol & Zhou, Shaojie & Zhang, Junyi, 2017. "Happiness and Health in China: The Paradox of Progress," World Development, Elsevier, vol. 96(C), pages 231-244.
    7. Kunzmann, Ute & Richter, David & Schmukle, Stefan C., 2013. "Stability and Change in Affective Experience Across the Adult Life Span: Analyses With a National Sample From Germany," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 13(6), pages 1086-1095.
    8. Mark Wooden & Nicole Watson, 2007. "The HILDA Survey and its Contribution to Economic and Social Research (So Far)," The Economic Record, The Economic Society of Australia, vol. 83(261), pages 208-231, June.
    9. Osea Giuntella & Wei Han & Fabrizio Mazzonna, 2017. "Circadian Rhythms, Sleep, and Cognitive Skills: Evidence From an Unsleeping Giant," Demography, Springer;Population Association of America (PAA), vol. 54(5), pages 1715-1742, October.
    10. Fredrik Carlsson & Olof Johansson‐Stenman & Peter Martinsson, 2007. "Do You Enjoy Having More than Others? Survey Evidence of Positional Goods," Economica, London School of Economics and Political Science, vol. 74(296), pages 586-598, November.
    11. Dolan, Paul & Peasgood, Tessa & White, Mathew, 2008. "Do we really know what makes us happy A review of the economic literature on the factors associated with subjective well-being," Journal of Economic Psychology, Elsevier, vol. 29(1), pages 94-122, February.
    12. Oswald, Andrew J. & Wu, Stephen, 2010. "Objective Confirmation of Subjective Measures of Human Well-being: Evidence from the USA," IZA Discussion Papers 4695, Institute of Labor Economics (IZA).
    13. Mujcic, Redzo & Oswald, Andrew J., 2018. "Is Envy Harmful to a Society’s Psychological Health and Wellbeing? A Longitudinal Study of 18,000 Adults," CAGE Online Working Paper Series 361, Competitive Advantage in the Global Economy (CAGE).
    14. repec:nas:journl:v:115:y:2018:p:7290-7295 is not listed on IDEAS
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    Cited by:

    1. David G. Blanchflower & Alex Bryson, 2024. "Wellbeing Rankings," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 171(2), pages 513-565, January.

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    More about this item

    Keywords

    mental health; affluence; suicide; depression; aging; midlife crisis; happiness;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I14 - Health, Education, and Welfare - - Health - - - Health and Inequality
    • I12 - Health, Education, and Welfare - - Health - - - Health Behavior

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