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Title:An examination of the dynamics of happiness using vector autoregressions PDF Logo
Authors:Binder, Martin
Coad, Alex
Issue Date:2009
Series/Report no.:Papers on economics and evolution 0904
Abstract:We use a panel vector autoregressions model to examine the coevolution of changes in happiness and changes in income, health, marital status as well as employment status for the British Household Panel Survey (BHPS) data set. This technique allows us to simultaneously analyze the impact of the aforementioned factors on each other. We find that increases in happiness are associated with subsequent increases in income, marriage, employment, and health variables, while increases in the these life-domain variables (except health) tend to be followed by decreases in happiness in subsequent periods, suggesting adaptation dynamics in all domains. These findings are quite robust to different model specifications.
Subjects:Happiness dynamics
vector autoregressions
subjective well-being
BHPS
JEL:I31
D63
C33
Document Type:Working Paper
Appears in Collections:Papers on Economics and Evolution, MPI für Ökonomik

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