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Back to baseline in Britain: Adaptation in the BHPS

Author

Listed:
  • Andrew E. Clark

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique, IZA - Institute for the Study of Labor - IZA)

  • Yannis Georgellis

    (Brunel University London [Uxbridge])

Abstract

We look for evidence of adaptation of well-being to major life events in sixteen waves of British panel data. We find that, with the exception of unemployment, adaptation to other life events including marriage, divorce, birth of a child and widowhood is rapid and complete. These findings are remarkably similar to those found in previous analysis of German panel data. Equally, the time profiles of well-being as measured by life satisfaction data are very close to those from the analysis of a twelve-item scale of psychological functioning. As such, the phenomenon of adaptation may be a general one, rather than being only found in German data or using single-item measures. Last, we uncover some systematic differences in adaptation profiles according to "Big Five" personality measures.

Suggested Citation

  • Andrew E. Clark & Yannis Georgellis, 2010. "Back to baseline in Britain: Adaptation in the BHPS," PSE Working Papers halshs-00564821, HAL.
    • Handle: RePEc:hal:psewpa:halshs-00564821
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00564821v1
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Diversifying mental states
      by chris dillow in Stumbling and Mumbling on 2013-02-02 19:39:27
    2. Living wage trade-offs
      by chris dillow in Stumbling and Mumbling on 2013-02-03 17:57:55
    3. The problem of workshyness
      by chris dillow in Stumbling and Mumbling on 2013-07-15 18:42:45
    4. Marriage & wages
      by chris dillow in Stumbling and Mumbling on 2013-03-25 19:22:12
    5. Quantifying the evil of unemployment
      by chris dillow in Stumbling and Mumbling on 2013-04-26 18:41:35
    6. Help to work?
      by chris dillow in Stumbling and Mumbling on 2013-09-30 17:55:50
    7. Non-issues
      by chris dillow in Stumbling and Mumbling on 2014-02-05 20:23:46
    8. On hedonic adaptation
      by chris dillow in Stumbling and Mumbling on 2014-03-28 19:27:50
    9. The Utopia paradox
      by chris in Stumbling and Mumbling on 2015-12-10 19:37:00
    10. Against adaptation
      by chris in Stumbling and Mumbling on 2019-07-28 12:17:37
    11. When rules don't apply
      by chris in Stumbling and Mumbling on 2020-04-16 13:02:57

    Citations

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    Cited by:

    1. Qari, Salmai, 2014. "Marriage, adaptation and happiness: Are there long-lasting gains to marriage?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 50(C), pages 29-39.
    2. Maurizio Pugno & Francesco Sarracino, 2021. "Structural Changes in Economic Growth and Well-Being: The Case of Italy’s Parabola," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 158(3), pages 801-838, December.
    3. André Hajek, 2013. "Life Satisfaction and Unemployment: The Role of Voluntariness and Job Prospects," SOEPpapers on Multidisciplinary Panel Data Research 601, DIW Berlin, The German Socio-Economic Panel (SOEP).
    4. 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.
    5. Martin Binder & Tom Broekel, 2012. "Happiness No Matter the Cost? An Examination on How Efficiently Individuals Reach Their Happiness Levels," Journal of Happiness Studies, Springer, vol. 13(4), pages 621-645, August.
    6. BARTOLINI Stefano & SARRACINO Francesco, 2011. "Happy for How Long? How Social Capital and GDP relate to Happiness over Time," LISER Working Paper Series 2011-60, Luxembourg Institute of Socio-Economic Research (LISER).
    7. Thomas Hansen, 2012. "Parenthood and Happiness: a Review of Folk Theories Versus Empirical Evidence," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 108(1), pages 29-64, August.
    8. Binder, Martin & Coad, Alex, 2013. "“I'm afraid I have bad news for you…” Estimating the impact of different health impairments on subjective well-being," Social Science & Medicine, Elsevier, vol. 87(C), pages 155-167.
    9. 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.
    10. Andrew E. Clark & Yannis Georgellis, 2013. "Back to Baseline in Britain: Adaptation in the British Household Panel Survey," Economica, London School of Economics and Political Science, vol. 80(319), pages 496-512, July.
    11. Andrew E. Clark & Yannis Georgellis, 2010. "Back to baseline in Britain: Adaptation in the BHPS," Working Papers halshs-00564821, HAL.
    12. Sarah Jewell & Uma Kambhampati, 2012. "The Role of Personality in Adult Life Satisfaction," Economics Discussion Papers em-dp2012-02, Department of Economics, University of Reading.
    13. Binder, Martin & Coad, Alex, 2011. "From Average Joe's happiness to Miserable Jane and Cheerful John: using quantile regressions to analyze the full subjective well-being distribution," Journal of Economic Behavior & Organization, Elsevier, vol. 79(3), pages 275-290, August.
    14. Binder, Martin & Freytag, Andreas, 2013. "Volunteering, subjective well-being and public policy," Journal of Economic Psychology, Elsevier, vol. 34(C), pages 97-119.
    15. Martin Binder & Alex Coad, 2011. ""I'm afraid I have bad news for you . . ." Estimating the impact of different health impairments on subjective well-being," Papers on Economics and Evolution 2011-15, Philipps University Marburg, Department of Geography.
    16. repec:rdg:wpaper:em-dp2012-02 is not listed on IDEAS
    17. Martin Binder & Alex Coad, 2013. "Life satisfaction and self-employment: a matching approach," Small Business Economics, Springer, vol. 40(4), pages 1009-1033, May.
    18. 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.
    19. Martin Binder & Felix Ward, 2011. "The Structure of Happiness: A Vector Autoregressive Approach," Papers on Economics and Evolution 2011-08, Philipps University Marburg, Department of Geography.

    More about this item

    Keywords

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    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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