The Role of Personality in Adult Life Satisfaction
AbstractThis paper investigates the extent to which life satisfaction is influenced by personality utilising longitudinal data collected by the BHPS. We test whether there is some happiness trait or propensity to be happy that influences the life satisfaction of adults by including a personality trait which avoids reverse causality and is clean of other environmental factors. To do this, we isolate an individual fixed effect on youth happiness after controlling for a wide variety of demographic and environmental factors. We call this a happiness trait. This trait was then included as an instrument for personality in an adult life satisfaction model. Our results indicate that this happiness trait has a positive, highly significant effect on life satisfaction for both men and women. We also find that it has an effect that remains even after we include the Big 5 personality variables indicating that there is some happiness trait above and beyond these 5 variables.
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Bibliographic InfoPaper provided by Henley Business School, Reading University in its series Economics & Management Discussion Papers with number em-dp2012-02.
Length: 36 pages
Date of creation: 10 Nov 2012
Date of revision:
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More information through EDIRC
life satisfaction; personality; youth happiness;
Find related papers by JEL classification:
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
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