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http://hdl.handle.net/10419/34422
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| Title: | | Born to be mild? Cohort effects don't (fully) explain why well-being is U-shaped in age  |
| Authors: | | Clark, Andrew E. |
| Issue Date: | | 2007 |
| Series/Report no.: | | IZA Discussion Papers 3170 |
| 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. |
| Subjects: | | Subjective well-being cohorts fixed effects panel data |
| JEL: | | C23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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