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Adaptation and anticipation effects to life events in the United Kingdom

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  • Angeles, Luis

Abstract

We analyze how individual happiness is affected over time by nine major life events using a panel of British individuals. Our aim is to test for the existence of adaptation and anticipation effects. Adaptation effects are found for all the life events considered with the possible exception of unemployment. Anticipation effects precede events that are easily predicted such as marriage, separation and the birth of a child.

Suggested Citation

  • Angeles, Luis, 2010. "Adaptation and anticipation effects to life events in the United Kingdom," SIRE Discussion Papers 2010-01, Scottish Institute for Research in Economics (SIRE).
  • Handle: RePEc:edn:sirdps:134
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    File URL: http://hdl.handle.net/10943/134
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    1. Clark, Andrew E., 1999. "Are wages habit-forming? evidence from micro data," Journal of Economic Behavior & Organization, Elsevier, vol. 39(2), pages 179-200, June.
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    4. 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.
    5. 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.
    6. Richard Lucas & Andrew Clark, 2006. "Do People Really Adapt To Marriage?," Journal of Happiness Studies, Springer, vol. 7(4), pages 405-426, November.
    7. 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 222-243, June.
    8. 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.
    9. Christian Grund & Dirk Sliwka, 2007. "Reference-Dependent Preferences and the Impact of Wage Increases on Job Satisfaction: Theory and Evidence," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 163(2), pages 313-335, June.
    10. Anke C. Zimmermann & Richard A. Easterlin, 2006. "Happily Ever After? Cohabitation, Marriage, Divorce, and Happiness in Germany," Population and Development Review, The Population Council, Inc., vol. 32(3), pages 511-528.
    11. Luis Angeles, 2009. "Do children make us happier?," Working Papers 2009_10, Business School - Economics, University of Glasgow.
    12. 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. repec:spr:jhappi:v:18:y:2017:i:4:d:10.1007_s10902-016-9773-6 is not listed on IDEAS
    2. 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.
    3. Andrew E. Clark & Yannis Georgellis, 2010. "Back to baseline in Britain: Adaptation in the BHPS," Working Papers halshs-00564821, HAL.
    4. 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.
    5. Luis Angeles, 2010. "Children and Life Satisfaction," Journal of Happiness Studies, Springer, vol. 11(4), pages 523-538, August.
    6. Leonardo Becchetti & Elena Giachin Ricca & Alessandra Pelloni, 2009. "Children, happiness and taxation," Econometica Working Papers wp12, Econometica.
    7. Leonardo Becchetti & Alessandra Pelloni, 2013. "What are we learning from the life satisfaction literature?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 60(2), pages 113-155, June.
    8. Pedersen, Peder J. & Schmidt, Torben Dall, 2014. "Life Events and Subjective Well-being: The Case of Having Children," IZA Discussion Papers 8207, Institute for the Study of Labor (IZA).
    9. repec:rdg:wpaper:em-dp2012-02 is not listed on IDEAS
    10. Andrew E. Clark & Yarine Fawaz, 2009. "Valuing jobs via retirement: European evidence," Working Papers halshs-00566855, HAL.
    11. Luis Angeles, 2009. "Do children make us happier?," Working Papers 2009_10, Business School - Economics, University of Glasgow.
    12. Powdthavee, Nattavudh, 2009. "What happens to people before and after disability? Focusing effects, lead effects, and adaptation in different areas of life," Social Science & Medicine, Elsevier, vol. 69(12), pages 1834-1844, December.
    13. Sarah Jewell & Uma Kambhampati, 2015. "Are Happy Youth Also Satisfied Adults? An Analysis of the Impact of Childhood Factors on Adult Life Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 121(2), pages 543-567, April.
    14. Christian Scheve & Frederike Esche & Jürgen Schupp, 2017. "The Emotional Timeline of Unemployment: Anticipation, Reaction, and Adaptation," Journal of Happiness Studies, Springer, vol. 18(4), pages 1231-1254, August.
    15. 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.

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