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Why the Happiest Moments in Life are Sometimes Short? The Role of Psychological Traits and Socio-Economic Circumstances

Author

Listed:
  • Magdalena Grabowska

    (University of Warsaw, Faculty of Economic Sciences)

  • Agata Górny

    (University of Warsaw, Faculty of Economic Sciences)

  • Małgorzata Kalbarczyk

    (University of Warsaw, Faculty of Economic Sciences)

Abstract

This paper studies happiness’ variability in the course of life and examines how psychological and socio-economic factors influence the probability that an individual is capable of identifying the happiest period in life and its length. The study is based on SHARELIFE data and uses logistic regression and Cox proportional hazards models. Results show that the personality traits significantly, but differently, influence the probability of isolating the happiest life period and its length. Importantly, both positive and negative socio-economic circumstances augment the probability of identifying the happiest period and shorten its duration. These circumstances relate to familial events and socioeconomic status in the life course. The happiest moments of life are thus concentrated around not only positive but also negative changes in life. Our results contribute to the research on changes in the levels of happiness by identifying factors shaping occurrence and duration of the most happiest moments in life.

Suggested Citation

  • Magdalena Grabowska & Agata Górny & Małgorzata Kalbarczyk, 2024. "Why the Happiest Moments in Life are Sometimes Short? The Role of Psychological Traits and Socio-Economic Circumstances," Working Papers 2024-06, Faculty of Economic Sciences, University of Warsaw.
    • Handle: RePEc:war:wpaper:2024-06
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    File URL: https://www.wne.uw.edu.pl/download_file/4030/0
    File Function: First version, 2024
    Download Restriction: no
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    More about this item

    Keywords

    Subjective well-being; SHARELIFE; Retrospective data; Cox proportional hazards model; Big 5;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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