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An empirical investigation into the determinants and persistence of happiness and life evaluation

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  • Chrostek, Pawel

Abstract

A comparison of measures of happiness and life evaluation indicates significant differences in correlates. Life evaluation is less dependent on external circumstances than happiness. Temporary changes in health, labour market status and income have a smaller impact on life evaluation than on happiness. Despite the differences both types of well-being exhibit a positive relation between current and past well-being. This result contradicts the hypothesis of general habituation.

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File URL: http://mpra.ub.uni-muenchen.de/50442/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 50442.

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Date of creation: 25 Sep 2013
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Handle: RePEc:pra:mprapa:50442

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Keywords: hedonic adaptation; subjective well-being; determinants of happiness;

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  1. Andrew E. Clark & Ed Diener & Yannis Georgellis & Richard E. Lucas, 2007. "Lags and Leads in Life Satisfaction: A Test of the Baseline Hypothesis," CEP Discussion Papers dp0836, Centre for Economic Performance, LSE.
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  11. Bruce Headey & Ruud Muffels & Mark Wooden, 2004. "Money Doesn't Buy Happiness … or Does It? A Reconsideration Based on the Combined Effects of Wealth, Income and Consumption," Melbourne Institute Working Paper Series wp2004n15, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
  12. Akay, Alpaslan, 2009. "The Wooldridge Method for the Initial Values Problem Is Simple: What About Performance?," IZA Discussion Papers 3943, Institute for the Study of Labor (IZA).
  13. Piper, Alan T., 2012. "Dynamic Analysis and the Economics of Happiness: Rationale, Results and Rules," MPRA Paper 43248, University Library of Munich, Germany, revised Dec 2012.
  14. Clark, Andrew E. & Frijters, Paul & Shields, Michael A., 2007. "Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles," IZA Discussion Papers 2840, Institute for the Study of Labor (IZA).
  15. Wang-Sheng Lee & Umut Oguzoglu, 2007. "Are Youths on Income Support Less Happy? Evidence from Australia," Melbourne Institute Working Paper Series wp2007n03, Melbourne Institute of Applied Economic and Social Research, The University of Melbourne.
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