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dc.contributor.authorQari, Salmaien_US
dc.description.abstractThis 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.en_US
dc.publisherVerein für Socialpolitik Frankfurt a. M.en_US
dc.relation.ispartofseriesBeiträge zur Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie - Session: Marriage and Divorce E11-V2en_US
dc.titleMarriage, adaptation and happiness: Are there long-lasting gains to marriage?en_US
dc.typeConference Paperen_US
Appears in Collections:Jahrestagung des Vereins für Socialpolitik 2010: Ökonomie der Familie

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