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Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/36715
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| DC Field | | Value | | Language |
| dc.contributor.author | | Headey, Bruce | | en_US |
| dc.contributor.author | | Muffels, Ruud | | en_US |
| dc.contributor.author | | Wagner, Gert G. | | en_US |
| dc.date.accessioned | | 2010-06-08 | | en_US |
| dc.date.accessioned | | 2010-07-22T09:28:39Z | | - |
| dc.date.available | | 2010-07-22T09:28:39Z | | - |
| dc.date.issued | | 2010 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/36715 | | - |
| dc.description.abstract | | Using data from the long-running German Socio-Economic Panel (SOEP) 1984-2008, this paper analyses the effects of individual preferences and choices on subjective well-being (SWB). It is shown that preferences and choices relating to life goals/values, partner's personality, hours of work, social participation and healthy lifestyle all have substantial effects on life satisfaction. The results have negative implications for the still dominant theory of SWB, set-point theory. This theory holds that adult SWB does not change in the medium or long term, although temporary fluctuations occur due to specific life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence in SOEP that, during the last 25 years, up to a third of the population has recorded substantial and apparently permanent changes in life satisfaction. It is becoming clear that the main challenge now for SWB researchers is to develop a new theory which can account for medium and long term change, and not merely stability in SWB. Set-point theory is limited precisely because it is purely a theory of stability. The paper is based on a specially constructed SOEP file in which data are divided into five 5-year periods in order to facilitate analysis of medium term change. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Deutsches Institut für Wirtschaftsforschung (DIW) Berlin | | en_US |
| dc.relation.ispartofseries | | Discussion papers // German Institute for Economic Research 1010 | | en_US |
| dc.subject.jel | | I31 | | en_US |
| dc.subject.jel | | J1 | | en_US |
| dc.subject.jel | | Z13 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | SWB | | en_US |
| dc.subject.keyword | | set-point theory | | en_US |
| dc.subject.keyword | | life goals | | en_US |
| dc.subject.keyword | | individual choice | | en_US |
| dc.subject.keyword | | panel regression analysis | | en_US |
| dc.subject.keyword | | SOEP | | en_US |
| dc.subject.stw | | Lebenszufriedenheit | | en_US |
| dc.subject.stw | | Lebensqualität | | en_US |
| dc.subject.stw | | Entscheidung | | en_US |
| dc.subject.stw | | Präferenztheorie | | en_US |
| dc.subject.stw | | Theorie | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.title | | Choices which change life satisfaction: Revising SWB theory to account for change | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 627496865 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des DIW DIW-Diskussionspapiere
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