How Are You, My Dearest Mozart? Well-being and Creativity of Three Famous Composers Based on their Letters by Karol Jan Borowiecki Discussion Papers on Business and Economics No. 20/2013 FURTHER INFORMATION Department of Business and Economics Faculty of Business and Social Sciences University of Southern Denmark Campusvej 55 DK-5230 Odense M Denmark Tel.: +45 6550 3271 Fax: +45 6550 3237 E-mail:
[email protected] http://www.sdu.dk/ivoe How Are You, My Dearest Mozart? Well-being and Creativity of Three Famous Composers Based on their Letters Karol Jan Borowiecki∗1 1Department of Business and Economics, University of Southern Denmark April 7, 2016 Abstract: The importance of creativity is being increasingly recognized by economists; however, the possibility that emotional factors determine creative pro- cesses is largely ignored. Building on 1,400 letters written by three famous music composers, I obtain well-being indices that span their lifetimes. The validity of this methodology is shown by linking the indices with biographical information and through estimation of the determinants of well-being. I find, consistent with the psychological economics literature, that work-related engagements and accomplish- ments are positively related with well-being, while poor health or the death of a relative are detrimental. I then exploit the data and provide quantitative evidence on the existence of a causal impact of negative emotions on outstanding creativity, an association hypothesized across several disciplines since the Antiquity, but that has not yet been convincingly established for the case of extraordinary achievers. Keywords: Creativity, well-being, health, labor, music history, textual analy- sis.