@techreport{Clark2007Born,
abstract = {The statistical analysis of cross-section data very often reveals a U-shaped relationship between subjective well-being and age. This paper uses fourteen waves of British panel data to distinguish between two potential explanations of this shape: a pure life-cycle or aging effect, and a fixed cohort effect depending on year of birth. Panel analysis controlling for fixed effects continues to produce a U-shaped relationship between well-being and age, although this U-shape is flatter for life satisfaction than for the GHQ measure of mental well-being. The pattern of the estimated cohort effects also differs between the two well-being measures and, to an extent, by demographic group. In particular, those born earlier report more positive GHQ scores, controlling for their current age; this phenomenon is especially prevalent for women.},
address = {Bonn},
author = {Andrew E. Clark},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {C23; 150; Subjective well-being; cohorts; fixed effects; panel data; Lebenszufriedenheit; Altersgruppe; Lebenszyklus; Kohortenanalyse; Gro\ss{}britannien},
language = {eng},
number = {3170},
publisher = {IZA},
title = {Born to be mild? Cohort effects don't (fully) explain why well-being is U-shaped in age},
type = {IZA Discussion Papers},
url = {http://hdl.handle.net/10419/34422},
year = {2007}
}
