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The Benefits, Challenges and Insights of a Dynamic Panel Assessment of Life Satisfaction

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  • Alan Piper

    (Europa-Universität Flensburg, International Institute of Management)

Abstract

This study discusses and employs System Generalised Methods of Moments (GMM) dynamic panel analysis to investigate life satisfaction. There are many benefits that such an investigation provides, though commensurate challenges too. Previous attempts to employ dynamic models within life satisfaction research have, in the main and for different reasons, not been wholly successful. This article explains why, how such research can be improved and undertaken in the future, as well as offering insights into life satisfaction and its dynamics. A key insight is that much of the impact of any commonly measured variable on well-being is contemporaneous.

Suggested Citation

  • Alan Piper, 2015. "The Benefits, Challenges and Insights of a Dynamic Panel Assessment of Life Satisfaction," Danish-German Working Papers 004, Europa-Universität Flensburg, International Institute of Management (IIM);University of Southern Denmark, Department of Border Region Studies (IFG).
    • Handle: RePEc:fln:dgwopa:004
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    1. Piper, Alan T., 2015. "Sliding down the U-shape? A dynamic panel investigation of the age-well-being relationship, focusing on young adults," Social Science & Medicine, Elsevier, vol. 143(C), pages 54-61.
    2. Alan T. Piper, 2016. "Sleep duration and life satisfaction," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 63(4), pages 305-325, December.
    3. Doris Läpple & Colin A. Carter & Cathal Buckley, 2022. "EU milk quota abolition, dairy expansion, and greenhouse gas emissions," Agricultural Economics, International Association of Agricultural Economists, vol. 53(1), pages 125-142, January.
    4. Seong-Hoon Cho & Moonwon Soh & Kihyun Park & Hyun Jae Kim, 2022. "Impact of the rise of solo living and an ageing population on residential energy consumption in South Korea," Energy & Environment, , vol. 33(2), pages 399-416, March.
    5. Alan Piper, 2022. "Optimism, pessimism and life satisfaction: an empirical investigation," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 69(2), pages 177-208, June.
    6. Heri Bezić & Davor Mance & Davorin Balaž, 2022. "Panel Evidence from EU Countries on CO 2 Emission Indicators during the Fourth Industrial Revolution," Sustainability, MDPI, vol. 14(19), pages 1-25, October.
    7. Slesman, Ly, 2022. "The elusive curse of natural resources on happiness," Resources Policy, Elsevier, vol. 79(C).

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    More about this item

    Keywords

    Life Satisfaction; Dynamic Panel Analysis; GMM; Happiness; Subjective Well-Being;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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