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Human Well-Being over the Life Cycle: Longitudinal Evidence from a 20-Year Panel

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  • Bert G.M. Van Landeghem

Abstract

This paper uses longitudinal data from the German Socioeconomic Panel (GSOEP) to analyze the course of subjective well-being over the life cycle. The long time dimension offers an opportunity to disentangle ageing effects from fixed birth co- hort effects. The paper _finds that the U-shaped pattern of life satisfaction over age is less supported in a longitudinal analysis, and that the observed trajectory can vary across model specifications. Moreover, assets and material well-being seem to play an important role in determining the course of satisfaction over life time. The upsurge of happiness after mid-life seems to be more robust to model specifications, which might imply that the latter is inherent to mankind.

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File URL: http://www.econ.kuleuven.be/licos/publications/dp/dp213.pdf
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Bibliographic Info

Paper provided by LICOS - Centre for Institutions and Economic Performance, KU Leuven in its series LICOS Discussion Papers with number 21308.

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Date of creation: 2008
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Handle: RePEc:lic:licosd:21308

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Keywords: subjective well-being; life cycle happiness; ageing; birth cohorts; U-shape; German Socio-Economic Panel;

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References

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  1. Powdthavee, Nattavudh, 2003. "Unhappiness and Crime : Evidence from South Africa," The Warwick Economics Research Paper Series (TWERPS) 685, University of Warwick, Department of Economics.
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  12. Geeta Kingdon & John Knight, 2004. "Community, Comparisons and Subjective Well-being in a Divided Society," Economics Series Working Papers WPS/2004-21, University of Oxford, Department of Economics.
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  16. Gert G. Wagner & Joachim R. Frick & Jürgen Schupp, 2007. "The German Socio-Economic Panel Study (SOEP): Scope, Evolution and Enhancements," SOEPpapers on Multidisciplinary Panel Data Research 1, DIW Berlin, The German Socio-Economic Panel (SOEP).
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Citations

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Cited by:
  1. Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2009. "The 60s Turnaround as a Test on the Causal Relationship between Sociability and Happiness," SOEPpapers on Multidisciplinary Panel Data Research 209, DIW Berlin, The German Socio-Economic Panel (SOEP).
  2. repec:cge:warwcg:43 is not listed on IDEAS
  3. Fischer, Justina, 2011. "Living under the ‘right’ government: does political ideology matter to trust in political institutions? An analysis for OECD countries," MPRA Paper 33344, University Library of Munich, Germany.
  4. Leonardo Becchetti & Riccardo Massari & Paolo Naticchioni, 2011. "The drivers of happiness inequality: Suggestions for promoting social cohesion," Working Papers 2011-06, Universita' di Cassino, Dipartimento di Scienze Economiche.
  5. Wencke Gwozdz & Alfonso Sousa-Poza, 2010. "Ageing, Health and Life Satisfaction of the Oldest Old: An Analysis for Germany," Social Indicators Research, Springer, vol. 97(3), pages 397-417, July.
  6. Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2012. "The Relationship Between Social Leisure and Life Satisfaction: Causality and Policy Implications," Social Indicators Research, Springer, vol. 108(3), pages 453-490, September.
  7. Gregori Baetschmann, 2012. "Heterogeneity in the Relationship between Happiness and Age: Evidence from the German Socio-Economic Panel," SOEPpapers on Multidisciplinary Panel Data Research 472, DIW Berlin, The German Socio-Economic Panel (SOEP).
  8. López Ulloa, Beatriz Fabiola & Møller, Valerie & Sousa-Poza, Alfonso, 2013. "How does subjective well-being evolve with age? A literature review," FZID Discussion Papers 72-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
  9. Blanchflower, David G. & Oswald, Andrew J., 2011. "Antidepressants and Age," IZA Discussion Papers 5785, Institute for the Study of Labor (IZA).
  10. Leonardo Becchetti & Andrew E. Clark & Elena Giachin Ricca, 2011. "The Value of Diplomacy: Bilateral Relations and Immigrant Well-Being," CEIS Research Paper 190, Tor Vergata University, CEIS, revised 29 Mar 2011.
  11. repec:hal:wpaper:halshs-00580907 is not listed on IDEAS
  12. Stefano Bartolini & Ennio Bilancini & Francesco Sarracino, 2011. "Predicting the Trend of Well-Being in Germany: How Much Do Comparisons, Adaptation and Sociability Matter?," SOEPpapers on Multidisciplinary Panel Data Research 414, DIW Berlin, The German Socio-Economic Panel (SOEP).
  13. Ning Li, 2014. "Multidimensionality of Longitudinal Data: Unlocking the Age-Happiness Puzzle," Melbourne Institute Working Paper Series wp2014n04, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
  14. Gregori Baetschmann, 2011. "Heterogeneity in the relationship between happiness and age: Evidence from the German Socio-Economic Panel," ECON - Working Papers 047, Department of Economics - University of Zurich.
  15. Gabriela Flores & Michael Ingenhaag & Jürgen Maurer, 2013. "Healthy, wealthy, wise, and happy? An exploratory analysis of the interplay between aging and subjective well-being in low and middle income countries," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 13.13, Université de Lausanne, Faculté des HEC, DEEP.

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