Does subjective well-being dynamically adjust to circumstances?

C-Tier
Journal: Oxford Economic Papers
Year: 2022
Volume: 74
Issue: 3
Pages: 746-772

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This article investigates whether self-assessed states of unhappiness are persistent. To disentangle state dependence from unobserved heterogeneity in life satisfaction, it estimates a dynamic ordered Logit with correlated random effects on longitudinal data in France, the UK, Australia, and Germany. The persistence of life satisfaction is found to be heterogeneous; people already happy with their lives tend to remain happy while unhappiness sounds more transitory. Overall, there is no empirical evidence of unhappiness traps: rather, every individual faces the risk of experiencing some temporary spell of low subjective well-being in her life course.

Technical Details

RePEc Handle
repec:oup:oxecpp:v:74:y:2022:i:3:p:746-772.
Journal Field
General
Author Count
1
Added to Database
2026-01-29