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Adaption and anticipation effects to life events in the United Kingdom

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  • Luis Angeles

Abstract

We analyze how individual happiness is affected by nine major life events using a panel of British individuals. Our aim is to test the importance of hedonic adaptation in the United Kingdom and to compare our results with equivalent ones obtained in the literature using German data. We also study anticipation effects for each life event. We find evidence that adaptation, although a common phenomenon, is not always complete and in some cases may not even be present. Compared to German individuals, the British appear to adapt much less to marriage and much more to unemployment.

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Bibliographic Info

Paper provided by Business School - Economics, University of Glasgow in its series Working Papers with number 2009_08.

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Date of creation: Feb 2009
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Handle: RePEc:gla:glaewp:2009_08

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  1. Andrew E. Clark & Ed Diener & Yannis Georgellis & Richard E. Lucas, 2003. "Lags and Leads in Life Satisfaction: A Test of the Baseline Hypothesis," Discussion Papers of DIW Berlin 371, DIW Berlin, German Institute for Economic Research.
  2. Di Tella, Rafael & Haisken-De New, John & MacCulloch, Robert, 2010. "Happiness adaptation to income and to status in an individual panel," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 834-852, December.
  3. Luis Angeles, 2009. "Do children make us happier?," Working Papers 2009_10, Business School - Economics, University of Glasgow.
  4. Richard Lucas & Andrew Clark, 2006. "Do People Really Adapt To Marriage?," Journal of Happiness Studies, Springer, vol. 7(4), pages 405-426, November.
  5. Stutzer, Alois & Frey, Bruno S., 2005. "Does Marriage Make People Happy, Or Do Happy People Get Married?," IZA Discussion Papers 1811, Institute for the Study of Labor (IZA).
  6. Andrew E. Clark, 2006. "A Note on Unhappiness and Unemployment Duration," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 52(4), pages 291-308.
  7. Luis Angeles, 2008. "Adaption or social comparison? The effects of income on happiness," Working Papers 2009_09, Business School - Economics, University of Glasgow, revised Jun 2009.
  8. Easterlin, Richard A., 1995. "Will raising the incomes of all increase the happiness of all?," Journal of Economic Behavior & Organization, Elsevier, vol. 27(1), pages 35-47, June.
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Cited by:
  1. Christian von Scheve & Frederike Esche & Jürgen Schupp, 2013. "The Emotional Timeline of Unemployment: Anticipation, Reaction, and Adaptation," SOEPpapers on Multidisciplinary Panel Data Research 593, DIW Berlin, The German Socio-Economic Panel (SOEP).
  2. Andrew E. Clark & Yarine Fawaz, 2009. "Valuing jobs via retirement: European evidence," Working Papers halshs-00566855, HAL.
  3. Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2009. "Children, Happiness and Taxation," SOEPpapers on Multidisciplinary Panel Data Research 230, DIW Berlin, The German Socio-Economic Panel (SOEP).
  4. Leonardo Becchetti & Alessandra Pelloni, . "What are we learning from the life satisfaction literature?," Working Papers 2, Department of the Treasury, Ministry of the Economy and of Finance.
  5. Andrew E. Clark & Yannis Georgellis, 2010. "Back to baseline in Britain: Adaptation in the BHPS," Working Papers halshs-00564821, HAL.
  6. Mikko Myrskylä & Rachel Margolis, 2012. "Happiness: before and after the kids," MPIDR Working Papers WP-2012-013, Max Planck Institute for Demographic Research, Rostock, Germany.
  7. Luis Angeles, 2010. "Children and Life Satisfaction," Journal of Happiness Studies, Springer, vol. 11(4), pages 523-538, August.
  8. Sarah Jewell & Uma Kambhampati, 2012. "The Role of Personality in Adult Life Satisfaction," Economics & Management Discussion Papers em-dp2012-02, Henley Business School, Reading University.
  9. Luis Angeles, 2009. "Do children make us happier?," Working Papers 2009_10, Business School - Economics, University of Glasgow.
  10. repec:rdg:wpaper:em-dp2012-02 is not listed on IDEAS
  11. Plagnol, Anke C., 2011. "Financial satisfaction over the life course: The influence of assets and liabilities," Journal of Economic Psychology, Elsevier, vol. 32(1), pages 45-64, February.

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