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Title:Back to baseline in Britain: Adaptation in the BHPS PDF Logo
Authors:Clark, Andrew E.
Georgellis, Yannis
Issue Date:2012
Series/Report no.:Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6426
Abstract:We look for evidence of adaptation in well-being to major life events using eighteen waves of British panel data. Adaptation to marriage, divorce, birth of a child and widowhood appears to be rapid and complete, whereas this is not the case for unemployment. These findings are remarkably similar to those in previous work on German panel data. Equally, the time profiles with life satisfaction as the well-being measure are very close to those using a twelve-item scale of psychological functioning. As such, the phenomenon of adaptation may be a general one, rather than being only found in German data or using single-item well-being measures.
Subjects:life satisfaction
anticipation
adaptation
baseline satisfaction
labour market and life events
JEL:I31
J12
J13
J63
J64
Persistent Identifier of the first edition:urn:nbn:de:101:1-201207125593
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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