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Back to baseline in Britain: Adaptation in the BHPS

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Author Info

  • Andrew E. Clark

    (EEP-PSE - Ecole d'Économie de Paris - Paris School of Economics - Ecole d'Économie de Paris, PSE - Paris-Jourdan Sciences Economiques - CNRS : UMR8545 - École des Hautes Études en Sciences Sociales (EHESS) - École des Ponts ParisTech (ENPC) - École normale supérieure [ENS] - Paris - Institut national de la recherche agronomique (INRA), IZA - Institute for the Study of Labor - IZA)

  • Yannis Georgellis

    (Brunel University - Brunel University)

Abstract

We look for evidence of adaptation of well-being to major life events in sixteen waves of British panel data. We find that, with the exception of unemployment, adaptation to other life events including marriage, divorce, birth of a child and widowhood is rapid and complete. These findings are remarkably similar to those found in previous analysis of German panel data. Equally, the time profiles of well-being as measured by life satisfaction data are very close to those from the analysis of a twelve-item scale of psychological functioning. As such, the phenomenon of adaptation may be a general one, rather than being only found in German data or using single-item measures. Last, we uncover some systematic differences in adaptation profiles according to "Big Five" personality measures.

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Bibliographic Info

Paper provided by HAL in its series PSE Working Papers with number halshs-00564821.

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Date of creation: Jan 2010
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Handle: RePEc:hal:psewpa:halshs-00564821

Note: View the original document on HAL open archive server: http://halshs.archives-ouvertes.fr/halshs-00564821
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Keywords: Life Satisfaction ; anticipation ; adaptation ; baseline satisfaction ; labour market and life events;

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References

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  1. Jonathan Gardner & Andrew J. Oswald, 2006. "Do divorcing couples become happier by breaking up?," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 169(2), pages 319-336.
  2. Clark, Andrew E. & Georgellis, Yannis, 2012. "Back to Baseline in Britain: Adaptation in the BHPS," IZA Discussion Papers 6426, Institute for the Study of Labor (IZA).
  3. Andrew E. Clark & Ed Diener & Yannis Georgellis & Richard E. Lucas, 2008. "Lags And Leads in Life Satisfaction: a Test of the Baseline Hypothesis," Economic Journal, Royal Economic Society, vol. 118(529), pages F222-F243, 06.
  4. Richard E. Lucas & Andrew E. Clark, 2005. "Do people really adapt to marriage?," PSE Working Papers halshs-00590574, HAL.
  5. Andrew E. Clark, 2003. "Unemployment as a Social Norm: Psychological Evidence from Panel Data," Journal of Labor Economics, University of Chicago Press, vol. 21(2), pages 289-322, April.
  6. Richard E. Lucas & Andrew Clark & Yannis Georgellis & Ed Diener, 2002. "Re-Examining Adaptation and the Setpoint Model of Happiness: Reactions to Changes in Marital Status," DELTA Working Papers 2002-08, DELTA (Ecole normale supérieure).
  7. Oswald, Andrew J. & Powdthavee, Nattavudh, 2008. "Does happiness adapt? A longitudinal study of disability with implications for economists and judges," Journal of Public Economics, Elsevier, vol. 92(5-6), pages 1061-1077, June.
  8. Clark, Andrew E & Oswald, Andrew J, 1994. "Unhappiness and Unemployment," Economic Journal, Royal Economic Society, vol. 104(424), pages 648-59, May.
  9. Paul Frijters & David W. Johnston & Michael A. Shields, 2011. "Life Satisfaction Dynamics with Quarterly Life Event Data," Scandinavian Journal of Economics, Wiley Blackwell, vol. 113(1), pages 190-211, 03.
  10. Clark, Andrew E & Georgellis, Yannis & Sanfey, Peter, 2001. "Scarring: The Psychological Impact of Past Unemployment," Economica, London School of Economics and Political Science, vol. 68(270), pages 221-41, May.
  11. Andrew E. Clark & Yannis Georgellis, 2002. "Unemployment Alters the Set-Point for Life Satisfaction," Economics and Finance Discussion Papers 02-16, Economics and Finance Section, School of Social Sciences, Brunel University.
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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. Diversifying mental states
    by chris dillow in Stumbling and Mumbling on 2013-02-02 13:39:27
  2. Living wage trade-offs
    by chris dillow in Stumbling and Mumbling on 2013-02-03 11:57:55
  3. The problem of workshyness
    by chris dillow in Stumbling and Mumbling on 2013-07-15 13:42:45
  4. Marriage & wages
    by chris dillow in Stumbling and Mumbling on 2013-03-25 14:22:12
  5. Quantifying the evil of unemployment
    by chris dillow in Stumbling and Mumbling on 2013-04-26 13:41:35
  6. Help to work?
    by chris dillow in Stumbling and Mumbling on 2013-09-30 12:55:50
  7. Non-issues
    by chris dillow in Stumbling and Mumbling on 2014-02-05 14:23:46
  8. On hedonic adaptation
    by chris dillow in Stumbling and Mumbling on 2014-03-28 14:27:50
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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Cited by:
  1. Binder, Martin & Coad, Alex, 2013. "“I'm afraid I have bad news for you…” Estimating the impact of different health impairments on subjective well-being," Social Science & Medicine, Elsevier, vol. 87(C), pages 155-167.
  2. 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.
  3. Stefano Bartolini & Francesco Sarracino, 2011. "Happy for How Long? How Social Capital and GDP relate to Happiness over Time," Department of Economics University of Siena 621, Department of Economics, University of Siena.
  4. Martin Binder & Felix Ward, 2011. "The Structure of Happiness: A Vector Autoregressive Approach," Papers on Economics and Evolution 2011-08, Max Planck Institute of Economics, Evolutionary Economics Group.
  5. 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.
  6. Binder, Martin & Coad, Alex, 2011. "From Average Joe's happiness to Miserable Jane and Cheerful John: using quantile regressions to analyze the full subjective well-being distribution," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 275-290, August.
  7. Martin Binder & Alex Coad, 2013. "Life satisfaction and self-employment: a matching approach," Small Business Economics, Springer, vol. 40(4), pages 1009-1033, May.
  8. Martin Binder & Alex Coad, 2011. ""I'm afraid I have bad news for you . . ." Estimating the impact of different health impairments on subjective well-being," Papers on Economics and Evolution 2011-15, Max Planck Institute of Economics, Evolutionary Economics Group.
  9. Clark, Andrew E. & Georgellis, Yannis, 2012. "Back to Baseline in Britain: Adaptation in the BHPS," IZA Discussion Papers 6426, Institute for the Study of Labor (IZA).
  10. Binder, Martin & Freytag, Andreas, 2013. "Volunteering, subjective well-being and public policy," Journal of Economic Psychology, Elsevier, vol. 34(C), pages 97-119.
  11. Martin Binder & Tom Broekel, 2012. "Happiness No Matter the Cost? An Examination on How Efficiently Individuals Reach Their Happiness Levels," Journal of Happiness Studies, Springer, vol. 13(4), pages 621-645, August.

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