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dc.contributor.authorWunder, Christophen_US
dc.contributor.authorWiencierz, Andreaen_US
dc.contributor.authorSchwarze, Johannesen_US
dc.contributor.authorKüchenhoff, Helmuten_US
dc.contributor.authorKleyer, Saraen_US
dc.date.accessioned2009-05-08en_US
dc.date.accessioned2010-07-07T11:53:59Z-
dc.date.available2010-07-07T11:53:59Z-
dc.date.issued2009en_US
dc.identifier.piurn:nbn:de:101:1-20090513533en_US
dc.identifier.urihttp://hdl.handle.net/10419/35616-
dc.description.abstractThis paper applies semiparametric regression models using penalized splines to investigate the profile of well-being over the life span. Splines have the advantage that they do not require a priori assumptions about the form of the curve. Using data from the British Household Panel Survey (BHPS) and the German Socio-Economic Panel Study (SOEP), the analysis shows a common, quite similar, age-specific pattern of life satisfaction for both Britain and Germany that can be characterized by three age stages. In the first stage, life satisfaction declines until approximately the fifth life decade. In the second age stage, well-being clearly increases and has a second turning point (maximum) after which well-being decreases in the third age stage. Several reasons for the three-phase pattern are discussed. We point to the fact that neither polynomial functions of the third nor the fourth degree describe the relationship adequately: polynomials locate the minimum and the maximum imprecisely. In addition, our analysis discusses the indistinguishability of age, period, and cohort effects: we propose estimating age-period models that control for cohort effects including substantive variables, such as the life expectancy of the birth cohort, and further observed socioeconomic characteristics in the regression.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA discussion papers 4155en_US
dc.subject.jelC14en_US
dc.subject.jelC23en_US
dc.subject.jelD10en_US
dc.subject.jelI31en_US
dc.subject.ddc330en_US
dc.subject.keywordSubjective well-beingen_US
dc.subject.keywordlife satisfactionen_US
dc.subject.keywordsemiparametric regressionen_US
dc.subject.keywordpenalized splinesen_US
dc.subject.keywordage-period modelen_US
dc.subject.keywordage-cohort modelen_US
dc.subject.stwLebenszufriedenheiten_US
dc.subject.stwLebensverlaufen_US
dc.subject.stwKohortenanalyseen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwGroßbritannienen_US
dc.titleWell-being over the life span: semiparametric evidence from British and German longitudinal dataen_US
dc.typeWorking Paperen_US
dc.identifier.ppn599480432en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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