Podcast appearances and mentions of David Blanchflower

Things should be looking good for young people in the world of work, but they're not. While unemployment among young workers between 15 and 24 has recovered from the impact of the Covid-19 pandemic, there's a growing epidemic of unhappiness among those workers in both the developed and now the developing world. So, what is to be done? This podcast asks David Blanchflower, a professor at Dartmouth College, renowned labour economist and recognized expert on youth employment, what can be done.

In episode 10 of the Big Green Economics Podcast, Dartmouth economist David Blanchflower shares his research on the dramatic decline in youth well-being, which began in 2011 and may be closely tied to the rise of social media. In this episode, Blanchflower explains how his research, once defined by the U-shaped happiness curve, now reveals a collapse in well-being among 18-to-25-year-olds. He explores how happiness is measured, what the data reveals, and what can be done to address this mental health crisis.  

"La crisis de los 40 empieza cuando miramos nuestra vida a esta edad y pensamos... ¿Es esto todo? Y termina 10 años después cuando volvemos a mirar nuestra vida y pensamos... 'Pues no está tan mal' " - Donald Richie  Hagamos lo que hagamos, los efectos del envejecimiento se irán notando. Al pasar los 40 años nuestro cuerpo ha visto mejores tiempos. Hemos acumulado arrepentimientos y los recuerdos van desplazando a los sueños. Somos conscientes de que estamos en el ecuador de nuestra vida y de que la muerte se aproxima. El término de “crisis de la mediana edad”, o mid-life crisis en inglés, fue acuñado por Elliot Jaques en 1965. Tras estudiar la vida de más de 300 artistas llegó a la conclusión de que a esta edad eran frecuentes las depresiones e incluso los suicidios. Asumió que esto mismo ocurriría en el resto de la población, pero no contaba con suficiente información. La curva de la felicidad Décadas más tarde, los economistas David Blanchflower y Andrew Oswald analizaron los resultados de múltiples encuestas sobre bienestar, realizadas a más de 1 millón de personas de 70 países distintos (detalle). Esperaban ver una línea descendiente, con menos felicidad asociada a mayor edad, pero no fue así. La gráfica tenía forma de U, y el punto más bajo de satisfacción vital se encontraba entre los 45 y los 55 años. Había ligeras diferencias entre los países, pero en casi todos los casos se veía algo similar: un descenso gradual de la felicidad hasta tocar fondo alrededor de los 45 años, y un aumento posterior hasta edades avanzadas. Se observa también un descenso al final, probablemente asociado a la pérdida de capacidad funcional. Por su parte, la curva de tasas de depresión según la edad es prácticamente la opuesta: tiene un claro pico alrededor de los 45 años y un descenso gradual a partir de la mediana edad. Parece que Elliot Jaques tenía razón, la crisis de los 40 es real. ¿Crisis de los 40 cultural? Es muy probable que esta crisis tenga también un componente cultural. Al llegar a esta edad la sociedad espera que hayas consolidado tu carrera profesional, que hayas formado una familia y que hayas logrado una posición económica holgada. Si cualquiera de estas expectativas falla, el riesgo de crisis aumenta. Pero incluso si has conseguido todo lo anterior, la crisis puede hacer su aparición. Muchos han alcanzado éxito externo y aun así se sienten vacíos por dentro. Y en este caso la depresión puede ser incluso mayor, porque aparentemente no hay explicación. Es también común, alrededor de esta edad, la confluencia de múltiples fuentes de estrés. Se junta la adolescencia de los hijos con la enfermedad de los padres con mayores responsabilidades laborales. Es también la edad a la que se producen más divorcios y separaciones. Cualquiera de estos factores por separado afectaría nuestro estado de ánimo. Cuando se juntan varios, el impacto mental puede ser devastador. Factores biológicos Y, por supuesto, hay también factores puramente biológicos. A estas edades hay cambios hormonales importantes, especialmente en las mujeres (detalle), que afectan cómo se sienten. Los efectos del envejecimiento se hacen más visibles, las arrugas se acentúan y el pelo blanquea. Aparecen dolores y molestias que empiezan a limitar actividades que antes disfrutábamos sin problemas. Todo esto puede contribuir a una menor satisfacción con la vida, al menos mientras nos ajustamos a nuestra nueva realidad. La explicación biológica estaría también respaldada por estudios en otros primates. Por ejemplo, un estudio en más de 500 orangutanes observó que los orangutanes más felices eran los jóvenes y los más mayores, mientras que los gorilas de entre 25 y 30 años, equivalente a la edad mediana en humanos, eran los que menos ilusión mostraban. No dejaban sus trabajos ni compraban deportivos, pero se les notaba más alicaídos. Parece que la curva de la felicidad es universal.

The current situation in the banking sector is such that the Bank of England will need to consider its options very carefully when it meets tomorrow to decide about whether or not to raise short term interest rates. David Blanchflower, a member of the Monetary Policy Committee during the 2008 financial crisis, believes that the Bank should consider radical action at this week's meeting in order to get ahead of the issue. While the markets see either a further hike taking the base rate to 4.25%, Blanchflower believes that a cut of around 1.5% would send a positive signal that the Central Bank is not prepared to passively wait for the situation to escalate before taking action. He also believes that the sale of bonds that were purchased during the coronavirus pandemic should also be reversed to boost money supply. This so-called quantitative tightening would increase the size of the Bank's balance sheet again, but during a time of crisis it needs to be as proactive as possible to boost the markets' confidence. He labelled the the current action in which the Bank plans to reduce its holdings of bonds by eighty billion pounds over a twelve-month period as lacking imagination. The Bank has few tools with which to affect money supply, and it is not making use of this one. Beyond Currency Market Commentary: Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.

Guest: Prof. David Blanchflower of Dartmouth UniversitySee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The financial meltdown Truss and Kwarteng have caused has surprised even their greatest detractors. But seriously, just how bad is this? And is there any way to fix it – even if they wanted to? David Blanchflower, former member of the Bank of England's monetary policy committee, Dartmouth economics professor and author, joins Alex Andreou to discuss the situation.  “Markets prevent clueless amateurs doing stupid things… but nobody trusts you, nobody believes you, electorally it's a disaster. Who actually supports this stuff?  “I have never seen such abject incompetence in my entire life.” “We need sensible people back in the room asking, ‘What can we do to rectify the disaster they've created?'” www.patreon.com/bunkercast  Tickets to Doomsday Watch Live: https://www.tickettext.co.uk/etmejHAuba Written and presented by Alex Andreou. Lead Producer: Jacob Jarvis. Producers: Jacob Archbold, Jelena Sofronijevic and Alex Rees. Assistant producer: Kasia Tomasiewicz. Audio production by Jade Bailey. Music: Kenny Dickinson. Group editor: Andrew Harrison. THE BUNKER is a Podmasters Production.  Learn more about your ad choices. Visit megaphone.fm/adchoices

It began with a historic hike from the Federal Reserve, and ended with a major economic policy reset in the UK. Between that, other central banks have followed the Fed's course, and currencies around the globe have been rocked. Interest rates, inflation and insecurity have defined the last five days - a tumultuous week in global affairs. On Business Matters we discuss the effect it's having on markets and business confidence. Peter Jankovskis of Arbor Financial Services joins us from Illinois; and from Malaysia, Jessica Khine. Business coach Becky Candy tells us what it's like for ordinary companies in Britain, while US professor David Blanchflower reacts to today's 'mini budget' in Westminster. As more Asian countries continue to relax their Covid travel rules, we also explore how Japan is attempting to reinvigorate its tourism trade. (Picture: The UK Chancellor, Kwasi Kwarteng. Credit: Getty Images).

Jordan Rochester, Nomura International G-10 FX Strategist, says he expects the Bank of England to transition to more dovish policy next year. David Blanchflower, Dartmouth College Professor of Economics & Former Bank of England Monetary Policy Committee, says the Bank of England is under huge pressure and the balance of risks is strong to the downside. James Zelter, Apollo Co-President, discusses the alternative asset manager's foray into aircraft leasing and credit strategy. Tom Porcelli, RBC Capital Markets Chief US Economist, weighs the Federal Reserve's next moves. Sonali Basak, Bloomberg Global Finance Correspondent, reports on Wall Street bonuses poised to plunge and potential job cuts at Credit Suisse.See omnystudio.com/listener for privacy information.

Why have economists got things so wrong? What is 'guessonomics'??  And what are the dangers of groupthink?   In this week's 5 Big Questions interview we talk to Ivy League professor, global economics expert and former Bank of England adviser PROFESSOR DAVID G "DANNY" BLANCHFLOWER CBE Twitter: @D_Blanchflower Known for: Bruce V Rauner Professor of Economics - Dartmouth College, New Hampshire (USA) Research Associate - National Bureau of Economic Research (USA) Contributing Editor - Bloomberg TV Former Member of the Monetary Policy Committee - Bank of England Author - The Wage Curve The Big 5 Questions: How do you measure the impact of what you do? How should people/businesses be preparing for the future? How do we build the workforce we need for that future? How do you use creativity to solve problems? How do you collaborate? Key quotes: “Try and think about the wellbeing of ordinary people. What would benefit ordinary people? And oftentimes that runs in contrast to what central bankers and others are doing. Very often they represent the interest of banks and hedge funds.”  “Great, I thought your job was to not cause recessions!” “Often all they're doing is just making it up. This is all about ‘guessonomics'. If you're going to forecast the weather, the reason you can do that is you've got past data on weather patterns that tell you what's coming. We're in a situation where we've got no data points. Basically we're running blind.”  "When ideas are complicated and the situation is uncertain, you probably should worry if you hear everyone at both the Bank of England and at the Fed in the United States saying the same thing, that sounds awfully like groupthink.” “Write papers that address real world practical problems. If you can't characterise that it's better off doing something else. In many cases the economist would've been better off delivering pizza than writing these silly papers. I said that once and somebody said to me, no that would be a really bad idea. If we gave economists the pizza delivery job, they'd just deliver it to the wrong house.”   Useful links: David Blanchflower bio (Wikipedia) // wikipedia.org/wiki/David_Blanchflower   website  // davidblanchflower.com/ Professor profile page at Dartmouth // economics.dartmouth.edu/people/david-graham-blanchflower Writing in The Guardian // theguardian.com/profile/davidblanchflower Bank of England Monetary Policy Committee (MPC) // bankofengland.co.uk/about/people/monetary-policy-committee The National Institute for Economic and Social Research (NIESR) // niesr.ac.uk/ David G. Blanchflower — Not Working - Where Have All The Good Jobs Gone? (via Hive) // hive.co.uk/Product/David-G-Blanchflower/Not-Working--Where-Have-All-the-Good-Jobs-Gone/25343911https://www.hive.co.uk/Product/David-G-Blanchflower/Not-Working--Where-Have-All-the-Good-Jobs-Gone/25343911 David G. Blanchflower — Not Working - Where Have All The Good Jobs Gone? (via Amazon) // amazon.co.uk/gp/product/B08KKZ4P6J/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0   This episode was recorded in May 2022 Interviewer: Richard Freeman for always possible Editor: CJ Thorpe-Tracey for Lo Fi Arts  

While a lot of talk surrounds the fear of inflation pushing us into another recession, an expert says we may already be in one.  Dartmouth College professor David Blanchflower points to two major indices of consumer confidence that have dropped more or just as much as they did ahead of the 2008 crash.  He believes that the U.S. will firmly be in a recession at the end of this year.  That's scary.  What steps should be taken to safeguard the savings for those who are nearing or have just entered retirement? Then, has the pandemic changed your retirement date? Asset Manager Penny Pennington spoke to Yahoo Finance and said for many, it has. Have many of your clients moved their retirement dates up?  What goes into that kind of planning? Hear Steve explain!   

Dartmouth College professor David Blanchflower points to two major indices of consumer confidence that have dropped more or just as much as they did ahead of the 2008 crash.  He believes that the U.S. will firmly be in a recession at the end of this year.  That's scary.  What steps should be taken to safeguard the savings for those who are nearing or have just entered retirement?, Has the pandemic changed your retirement date? Asset Manager Penny Pennington spoke to Yahoo Finance and said for many, it has. Have many of your clients moved their retirement dates up?  What goes into that kind of planning? 

Guest Mariya Rosberg felt as though she had lived a somewhat sheltered beginning of life. At college, she leaned into everything that could expand her world, from languages to travel and found herself particularly drawn to ideas around gender equity. She married classwork in gender studies with real-world applications both on campus and abroad. She always felt the pull to adventure and believed she would just follow her free spirit into the life of a wanderer.After a little independent travel, she landed in the only spot that made sense to that free spirit: Manhattan's West Village. She steeped herself in the city's history and the romantic notions of having a shared lived experience with countless other free spirits. Yet she also felt she needed to “get serious.” She answered an ad in the newspaper and began a life in management consulting. Interestingly, she was able to feed her wanderlust through her international clients and started putting some sort of structure to her life. Adding motherhood to the mix allowed her to confront the gender issues that had long interested her. Eventually she was able to marry this with her business life and mentor others who were trying to do it all.In this episode, find out from Mariya how sometimes listening to that which calls you to venture out and applying it closer to home can do a world of good…on ROADS TAKEN...with Leslie Jennings Rowley. About This Episode's GuestMariya Rosberg has over 20 years of experience serving leading investment and universal banks in the US, Europe, and Latin America. She is currently a partner at Oliver Wyman, where she is head of Americas Corporate and Institutional Banking and also helps drive crucial decisions for the future of the firm, particularly mentoring colleagues navigating parenthood and consulting. For these and other Herculean efforts she was named a Working Mother of the Year by Working Mother magazine. She lives in Westchester County with her husband and their twins. Mentioned in This Episode"Research Shows People Become Increasingly Unhappy Until Age 47.2. Here's How to Minimize the Negative Effect of the 'Happiness Curve'" by Jeff Haden in Inc.com based on research by Dartmouth's David Blanchflower, published by National Bureau of Economic Research as a working paper entitled "Is Happiness U-Shaped Everywhere? Age and Subjective Happiness in 132 Countries." Executive Producer/Host: Leslie Jennings RowleyMusic: Brian Burrows Find more episodes at https://roadstakenshow.comEmail the show at RoadsTakenShow@gmail.com  

Greek Prime Minister Kyriakos Mitsotakis says the country could phase out coal-fired power plants by 2025. Ian Bremmer, Eurasia Group President, says the Europeans are taking the lead on climate regulations. David Blanchflower, Dartmouth Professor & Former BOE Policy Committee Member, says inflation looks temporary and the hawkish crew is preaching from 1975. Representative French Hill, Republican from Arkansas, says he is concerned about the systemic risk of bad economic data out of China. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

On this episode of Going Underground, we speak to Steven Redmayne, COO of UK energy company Green, about Britain's energy crisis. He discusses its causes, including the UK's lack of gas storage compared to other countries, and the wave of suppliers expected to collapse this winter, further consolidating market share for the biggest among them. We go on to explore the rising demand in China for natural gas, and how the delay in opening Russia's Nordstream 2 pipeline is causing energy prices to spike, with inaction by the British and European governments exacerbating the issue. In the second half, we speak to economics professor David Blanchflower, of Dartmouth College in the US, a former member of the Bank of England's Monetary Policy Committee. He discusses the potential collapse of Evergrande, China's second-largest property developer by sales, and the ripple effect that could have across the world, should it occur, drawing on the lessons of the economic crash of 2008 about just how interconnected the global economy is. He also reviews UK PM Boris Johnson's proposed regional “levelling-up” development program and explains why he considers it a “joke,” why the UK's inflation rise has been caused by a series of temporary shocks, the scrapping of the £20-a-week Universal Credit uplift, and the National Insurance hike, which he calls a deliberate attempt to worsen the living conditions of the poor.

Joseph Stiglitz, Nobel Prize Winning Economist & Columbia University Professor, says pandemic has exposed economic inequality in the U.S. David Blanchflower, Dartmouth Professor & Former Bank of England Monetary Policy Committee Member, says there is plenty of labor out there. Ash Alankar Janus Global Head of Asset Allocation & Risk Management details his proprietary research into a barbell approach to investing and, over the past 30 years, whether bonds actually have been a reliable hedge against stocks. Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, says the bond market will move well before the Fed does. Dr. Jennifer Nuzzo, Johns Hopkins Center for Health Security Senior Scholar, says there is an urgent need for vaccines globally. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Joseph Stiglitz, Nobel Prize Winning Economist & Columbia University Professor, says pandemic has exposed economic inequality in the U.S. David Blanchflower, Dartmouth Professor & Former Bank of England Monetary Policy Committee Member, says there is plenty of labor out there. Ash Alankar Janus Global Head of Asset Allocation & Risk Management details his proprietary research into a barbell approach to investing and, over the past 30 years, whether bonds actually have been a reliable hedge against stocks. Charles Kantor, Neuberger Berman Long Short Fund Senior Portfolio Manager, says the bond market will move well before the Fed does. Dr. Jennifer Nuzzo, Johns Hopkins Center for Health Security Senior Scholar, says there is an urgent need for vaccines globally.

Dhruv Uppal '22 and Madeline Gochee '23 discuss central banks' reactions to the COVID-19 pandemic with Bruce V. Rauner Professor of Economics, David Blanchflower. Note: Data is only up-to-date as of 15 April 2020

Rupert Harrison, BlackRock Multi-Asset Strategies Portfolio Manager, says the U.K. is going to do everything possible to avoid permanent economic damage from coronavirus disruption. David Blanchflower, Former BOE Policy Committee Member and Dartmouth College Professor, questions the ECB's ability to coordinate with other governments. Nouriel Roubini, Roubini Macro Associates Chairman & CEO, says collapsing oil prices are a benefit for the real economy. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, predicts flat earnings growth for 2020. Megan Greene, Harvard Kennedy Senior Fellow, says the ECB is likely to cut rates, but that cutting rates is unlikely to help much. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Rupert Harrison, BlackRock Multi-Asset Strategies Portfolio Manager, says the U.K. is going to do everything possible to avoid permanent economic damage from coronavirus disruption. David Blanchflower, Former BOE Policy Committee Member and Dartmouth College Professor, questions the ECB's ability to coordinate with other governments. Nouriel Roubini, Roubini Macro Associates Chairman & CEO, says collapsing oil prices are a benefit for the real economy. Jonathan Golub, Credit Suisse Chief U.S. Equity Strategist, predicts flat earnings growth for 2020. Megan Greene, Harvard Kennedy Senior Fellow, says the ECB is likely to cut rates, but that cutting rates is unlikely to help much.

In this minisode, TTJ(es) discuss some of the newest research that claims we (as Americans) will reach our "most unhappiest" by the time we turn 47.2 years old. Unsurprisingly, they think we should talk about THAT, and have a LOT to say about their impending unhappiness, the Sandwich Generation, and bathroom mirror pep talks on cheerfulness. Show Notes:https://www.inc.com/jeff-haden/scientists-just-discovered-mid-life-crisis-peaks-at-age-47-heres-how-to-minimize-effect-of-happiness-curve.htmlSupport the show (http://www.paypal.com)

Molly Knight, TheAthletic.com, Houston Astros and Cheating. Tom Smith of Brigham Young Univ on polar bears and oil exploration. David Blanchflower of Dartmouth on midlife crises. Sarah Deer, author of “The Beginning and End of Rape: Confronting Sexual Violence in Native America,” on native women and assault. Heather J Lynch of Stony Brook Univ of New York on penguins. Rachel Wadham of World's Awaiting on Alexa literacy.

This week on Exponential, Amanda talks with David Blanchflower, British-American Labour Economist and author of the book, "Not Working: Where Have all The Good Jobs Gone?"

David Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says the Fed is now paying the consequences of its rate rises. Randall Kroszner, Former Fed Board Governor and University of Chicago Booth School Professor, says central banks not reaching their inflation goals is potentially raising questions about their credibility. Daniel Morris, BNP Paribas Senior Investment Strategist, says U.S. GDP Growth looks quite solid. Mark Mahaney, RBC Analyst, thinks that we have reached peak regulation in big tech. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

David Blanchflower, Dartmouth College Economist and former BOE Monetary Policy Committee Member, says the Fed is now paying the consequences of its rate rises. Randall Kroszner, Former Fed Board Governor and University of Chicago Booth School Professor, says central banks not reaching their inflation goals is potentially raising questions about their credibility. Daniel Morris, BNP Paribas Senior Investment Strategist, says U.S. GDP Growth looks quite solid. Mark Mahaney, RBC Analyst, thinks that we have reached peak regulation in big tech.

On this episode of Taking Stock, Vincent takes a special focus on the Future of Work and asks - What are the real causes and consequences for increasing disruption with growing digital industries and what are the proposed changes or solutions for the age of automation and artificial intelligence? To do so he was joined by Tony Dundon, Professor of Human Resource Management and Employment Relations, at Kemmy Business School at the University of Limerick. David Blanchflower, Bruce V. Rauner Professor of Economics at Dartmouth College and author of ‘Not Working: Where Have All The Good Jobs Gone?’ We also hear from Paul Mason, columnist with The Guardian, film-maker and author of Clear Bright Future: A Defence of the Human Being. Taking Stock is brought to you in association with PwC Ireland.  

Harry Pitts speaks to David (Danny) Blanchflower to discuss his new book, Not Working: Where Have All the Good Jobs Gone. This episode was recorded live at the Bristol Festival of Ideas.

Chuck chats with Jim Garnett of the Institute of Consumer Financial Education about the biggest money mistakes ordinary consumer routinely make, covering credit, savings and other issues. Also on the show, Les Masterson, managing editor of Insurance.com discusses how consumers could save money -- or see insurance premiums rise -- based on some common and also some unusual behaviors, and David Blanchflower of Dartmouth College discusses his book 'Not Working: Where Have All the Good Jobs Gone," plus we revisit a recent interview with Martin Pring of Pring Research discussing the market's technical outlook.  

Has inequality gotten worse? And where have all the good jobs gone? In this special bumper edition of the Prospect podcast, we talk to economist David Blanchflower at our inequality crisis, and why tackling the unemployment rate may not be the best way to improve things.Plus, we present clips from Nobel prize winner Angus Deaton's event with Prospect and the British Academy, where the ‘deaths of despair' economist talks about the difference between inequality and unfairness, and which presidential candidate he thinks will measure up to Trump in 2020. Blanchflower's new book, Not Working: Where Have All the Good Jobs Gone is now out with Princeton University Press: https://press.princeton.edu/titles/13485.html See acast.com/privacy for privacy and opt-out information.

David Blanchflower, Former BOE Monetary Policy Committee Member and Dartmouth Professor, answers the question he asks in his new book: "Not Working: Where Have All the Good Jobs Gone?" Priya Misra, TD Securities Managing Director and Global Head of Rates Strategy, expects the Fed to signal readiness to ease policy in their next meeting, but that they will stop short of committing to a near-term cut. Bloomberg's Stephen Engle, reports live from Hong Kong, where protests continue. Meredith Sumpter, Eurasia Group Head Of Research Strategy and Operations, expects Hong Kong leader Carrie Lam to continue to fight to hold on to her job. Elisa Martinuzzi, Bloomberg Opinion Columnist, says investors are disappointed in the vision that Deutsche Bank has given for its future since they walked away from merger discussions with Commerzbank.  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

David Blanchflower, Former BOE Monetary Policy Committee Member and Dartmouth Professor, answers the question he asks in his new book: "Not Working: Where Have All the Good Jobs Gone?" Priya Misra, TD Securities Managing Director and Global Head of Rates Strategy, expects the Fed to signal readiness to ease policy in their next meeting, but that they will stop short of committing to a near-term cut. Bloomberg's Stephen Engle, reports live from Hong Kong, where protests continue. Meredith Sumpter, Eurasia Group Head Of Research Strategy and Operations, expects Hong Kong leader Carrie Lam to continue to fight to hold on to her job. Elisa Martinuzzi, Bloomberg Opinion Columnist, says investors are disappointed in the vision that Deutsche Bank has given for its future since they walked away from merger discussions with Commerzbank. 

Welcome to this special edition of the Book Club, today's guest is David Blanchflower former member of the Bank of England's interest rate-setting Monetary Policy Committee and currently is economics professor at Dartmouth College, New Hampshire. His book is called 'Not Working: Where Have All the Good Jobs Gone?' The interview with David was first broadcast on LBC 4/6/19. If you enjoyed this podcast, make sure you check through the archive for one you may have missed or why not listen to For The Many, Iain's Political (and funny) podcast with Jacqui Smith or Cross Question! Iain Dale Monday - Thursday, 7-10pm on LBC. https://www.iaindale.com/

This is the first of a two-part series that explores how money matters affect families. I've got two amazing guests for this episode. The first is celebrated parenting author Ann Douglas. She has written 30 books, including her latest, Happy Parents, Happy Kids. Ann and I dive deep into one of the important issues she raises in this book — the implications of financial anxiety for parents. We talk about just how much has changed with the cost of living, precarious work and more, and what those mean for the daily lives of parents, so many of whom are struggling to maintain a hold on a middle class lifestyle. In the second part of this episode, I speak to British-American labour economist and Dartmouth professor David Blanchflower on his research that found it's the cost of raising kids, not parenthood itself, that accounts for the decline in happiness associated with parenthood. These insightful conversations shed so much light on how financial anxiety is weighing on families. Show Notes  Love our work? Please check out our Patreon Campaign! Become a patron of the show for as little as $1 per month

David Blanchflower, Professor of Economics at Dartmouth College and a research associate at the National Bureau of Economic Research (NBER), joins host Peter Cappelli and guest host Connor Joyce to discuss his research featured in the NBR Paper "Children, Unhappiness, and Family Finances: Evidence from One Million Europeans" on in the Workplace. See acast.com/privacy for privacy and opt-out information.

- David Blanchflower, fmr. Monetary Policy Committee member of the Bank of England - Please call 1-800-388-9700 for a free review of your financial portfolio

When have you been at your happiest?  Do our happiness levels change throughout our life? Does happiness depend on your age? This week we’re talking about the link between happiness and age and thinking about how happy we are at different stages of our live, does it change and what does it mean for us. When have you been at your happiest? When you look back are there times when you felt really happy? Was it your childhood, first love, student days, staring out with your career or family, or maybe getting a big promotion. We tend to look back at happier times, which might make us think we were happier when we were younger, and our carefree school days or at least the long summer school holidays were a time of happiness. We didn’t have to worry about paying the mortgage or bills but there were probably other insecurities, maybe a worry about what others thought and wanting to fit in, not to mention the pressure of homework and exams. Whilst for those who couldn’t wait to become an adult, the happy times began with leaving home and starting out on your own.  Age as a happiness factor Although individual circumstances vary, according to research our happiness levels change throughout our lives, so how happy you feel could also be influenced by your age. According to a study by Dr Hannes Schwandt of Princeton University for the Centre for Economic Performance at the London School of Economics, we’re happiest at 23 and 69, and unhappiest in our mid 50s. Our happiness levels are U shaped throughout our life. The optimism of youth and looking forward to future achievement accounts for a peak of happiness at 23. But the other happiest age of 69 is more surprising. Life is exciting in our twenties and thirties, getting on at work, maybe meeting a partner and starting a family. And then you get into your 40s and 50s and the pressures started building. You’re getting higher up in your career with more responsibility, or re-entering the workforce after having a family. Your children are getting older, bringing different pressures to bear on you from one end, whilst aging parents present another dimension of worry and potential stress. You’re caught somewhere in the middle. The LSE study was based on a study of a panel 132,609 life satisfaction expectations matched with subsequent realisations. And one of the striking things about their findings is that there was little variance between socio economic or culturally diverse groups or genders. And this U shaped pattern of happiness over the life span (high during youth and old age, low during midlife) has been observed in other studies also. It seems to hold around the world and has been documented in more than 70 countries, in surveys of more than 500,000 people in both developing and developed countries, according to a paper by David Blanchflower and Andrew Oswold of Warwick University,Is Well-being U-Shaped over the Life Cycle? The researchers in the LSC paper measured people’s expected life satisfaction and actual life satisfaction, and it basically showed that we aren’t very good at estimating how happy we will be in the future. Why? Because we all tend to overestimate the likelihood of positive events and underestimate the likelihood of negative events. This is the optimism bias. So e.g. we tend to expect to be healthy in spite of an unhealthy lifestyle. According to neuroscientific research this ‘optimism bias’ is due to the selective processing of negative and positive information in the frontal brain and this is what which allows us to hang on to our biased expectations even when confronted with evidence to the contrary. Basically we’re not very good at estimating how happy we’ll be as a young or older person - but there’s a difference in the reason why. Young people tend to overestimate their future life satisfaction or future happiness while older people underestimate it.  So as young people we expect to be happier in the future whilst we’re young but expect to be less happy as we get older.  But this isn’t what actually happens. One of the reasons is we overestimate the impact future changes will have on our happiness. This is because we don’t realise how quickly we adapt to life changes such as changes in income.  We think earning more money will have a bigger longer lasting effect on our life than it actually does, because we very quickly adapt to the new situation and become used to it. At the other end of the spectrum, we anticipate a drop in income when we become elderly and we think this will have a big negative impact on our happiness levels and satisfaction with life. Once again we overestimate the impact this will have because we adapt to it quickly. That explains the high points, but what happens in the middle at the bottom or low point of the happiness age bias U shape. The researchers put the midlife dip in wellbeing down to unmet expectations.  When we’re young we have high expectations but as we get into middle age we realise we’re not going to achieve everything we thought we would or wanted to, and we start to abandon our higher unmet expectations. Then as we get older we have less expectation of doing so much and become more accepting of our situation or as the researchers say – we experience less regret. So from our late 50s wellbeing starts to increase again. According to an article in the Huffington post – it keeps rising until we’re 85 – which is good news because it was also found that those who stay positive live 7.5 years longer. Other reasons why people get happier as they get older are that happy people live longer and it has been found that as people age they enjoy "ordinary" experiences more. People become more satisfied with their life through family, health, and home, and have more time and energy for hobbies and interests. “I felt once more how simple and frugal a thing is happiness: a glass of wine, a roast chestnut, a wretched little brazier, the sound of the sea. Nothing else.” ― Nikos Kazantzakis, Zorba the Greek What does this mean for us – is there anything we can learn from this? It means you’re fine if you’re 23 or 69 – because they’re your happiest times of life. Of course academic studies don’t directly reflect our experience on an individual level in this way really.  But there are some general points we can take away. Firstly to be aware of what these studies about happiness and age tell us: How we over and underestimate our predicted levels of happiness and why. How we can adjust our expectations and not worry so much about not meeting aspirations. The merits of recognising and appreciating our everyday more ordinary experiences now. Not waiting until we’re older, but appreciating them right now as this will help to increase our happiness. Our happiness levels are so much to do with perception. Although there may be generalised times in our lives when we are less happy or more happy, there is nothing inevitable about it. And finally just because it looks like 69 and thereabouts might be a high point, happiness isn’t something to wait until you’re 69 to experience. The Changeability Podcast Episode 57 Hear us discuss all of this and more in episode 57 of the Changeability Podcast including: What we’ve been doing in a film this week What we learnt from an interview with top director Paul Greengrass at our local cinema How failure leads to happiness At what ages we’ re happiest in life according to 500,000 people What is optimism bias and what does it mean for us The surprising truth about old age and happiness What causes the midlife dip in wellbeing What we can learn now from studies of happiness to make us happier now – whatever our age   Thank you We know there are millions of blogs and podcasts out there, so we really appreciate you being here.  If you would like to support the podcast further we would love you to: Subscribe to the show on iTunes, Stitcher or TuneIn and leave us a rating and review.   Vote for The Changeability Podcast in the UK Podcasters Awards – up to the end of August 2105 Links mentioned What is happiness and the neuroscience behind it - Episode 55 Avoiding the F word and the fear of failure - Episode 51 LSC Discussion Paper - Unmet Aspirations as an Explanation for the Age U-shape in Human Wellbeing Hannes Schwandt Is Well-being U-Shaped over the Life Cycle? David Blanchflower and Andrew Oswald With Love From Suffolk film Is gratitude the best attitude? – Episode 34 Getting the gratitude habit – Episode 35  

- David Blanchflower, former BOE official shares his views on the crisis in Europe - Please call 1-800-388-9700 for a free review of your financial portfolio

- David Blanchflower, Professor of Economics at Dartmouth College - Please call 1-800-388-9700 for a free review of your financial portfolio

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