Has Covid-19 left an imprint on our levels of life satisfaction? Empirical evidence from the Netherlands

Abstract

Many papers have investigated the effects of Covid-19 on people's well-being shortly after the epidemic's outbreak. In this article, we use the joint World Values Survey (WVS) and European Value Study (EVS) 2017–2022 dataset and employ OLS (Ordinary Least Squares) regressions and Coarsened Exact Matching, to evaluate the possible existence of a persistent effect on life satisfaction, two years after the start of the pandemic. We have chosen to focus on the Netherlands -a country which appears among the happiest in the world and for which we have available data- to assess the impact of the Covid-19 pandemic at this later stage. The results of our analysis seem to indicate that the pandemic has contributed to reducing the levels of life satisfaction significantly, particularly among the younger generation. These findings show that specific intervention programmes should be created focusing on different age groups.