EconStor >
Verein für Socialpolitik >
Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/37148
  
Title:Marriage, adaptation and happiness: Are there long-lasting gains to marriage? PDF Logo
Authors:Qari, Salmai
Issue Date:2010
Series/Report no.:Beiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Marriage and Divorce E11-V2
Abstract:This paper uses 23 waves of German panel data and investigates if individuals who decide to marry become permanently happier. Following the same persons over several years we show that they do, thereby challenging a number of recent longitudinal studies in psychology and economics which suggest that individuals fully adapt to the positive impact of marriage. We then convert the estimates into Euro values. It is well known that most newlyweds experience a 'honeymoon period' shortly after marriage. We calculate the monetary equivalent of being married for five years to avoid overestimation due to this honeymoon effect. These long-run monetary benefits are quite large, e.g. for males on average 85,000 Euros a year. This supports the findings by Blanchflower and Oswald (2004, Journal of Public Economics) which are based on cross-sectional data.
JEL:J12
I31
J10
Document Type:Conference Paper
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

Files in This Item:
File Description SizeFormat
VfS_2010_pid_954.pdf296.45 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/37148

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.