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We estimate intergenerational health persistence in the United Kingdom using Quality Adjusted Life Years (QALY), a broad measure of health derived from the SF-12 Survey. We estimate that both the rank-rank slope and the intergenerational health association (IHA) are 0.21. We use components of the SF-12 to create mental and physical health indices and find that mental health is at least as persistent across generations as physical health. Importantly, parents' mental health is much more strongly associated with children's health than parents' physical health indicating that mental health might be a more important transmission channel. Finally, we construct an overall measure of welfare that combines income and health, and estimate a rank-rank association of 0.31. This is considerably lower than a comparable estimate of 0.43 for the US, suggesting greater mobility of overall welfare in the UK than the US.

We examine the effects of the 2016 and 2012 US presidential election outcomes on subjective wellbeing across party identification. We use Gallup data and a regression discontinuity approach, and focus primarily on evaluative (life satisfaction) and hedonic (positive and negative affect) indicators. We find that both elections had strong negative wellbeing effects on those who identified with the losing party, with little or no increase in wellbeing for those identifying with the winning party. The negative effects for the losing side were larger in 2016 than in 2012, by a factor of three on some indicators, and were driven mainly by women and middle-income households. As such, both elections had a net negative wellbeing effect, but more so in 2016. Local voting patterns did not have a substantial wellbeing impact, nor did congressional elections taking place the same day. In 2016, the election also changed respondents' perceptions about the economy, their financial status, and their community. After both elections, hedonic wellbeing gaps across parties typically dissipated within two weeks, but there was more persistence in evaluative wellbeing gaps, especially in expected life satisfaction. The latter gap persisted throughout 2017.

We examine the effects of the 2016 and 2012 U.S. presidential election outcomes on the subjective well-being of Democrats and Republicans using large-scale Gallup survey data and a regression discontinuity approach. We use metrics that capture two dimensions of well-being -evaluative (life satisfaction) and hedonic (positive and negative affect) -and document a significant negative impact on both dimensions of well-being for Democrats immediately following the 2016 election and a negative but much smaller impact for Republicans following the 2012 election. However, we found no equivalent positive effect for those identifying with the winning party following either election. The results also vary across gender and income groups, especially in 2016, with the negative well-being effects more prevalent among women and middle-income households. In addition, in 2016 the votes of others living in the respondent's county did not have a large impact on individual well-being, although there is some suggestive evidence that Democrats in more pro-Trump counties suffered a less negative effect, while Republicans in less pro-Trump and more typically urban counties were actually negatively impacted by the election outcome. We also find evidence that being on the losing side of the election had negative effects on perceptions about the economy, financial well-being, and the community of residence. Lastly, the evaluative well-being gaps between the different party affiliations tend to persist longer, with those in expected life satisfaction lasting until at least the end of 2016, while the hedonic well-being gaps typically dissipate within the two weeks following the election.