Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/150959
Authors: 
Bartolini, Stefano
Bilancini, Ennio
Sarracino, Francesco
Year of Publication: 
2011
Series/Report no.: 
SOEPpapers on Multidisciplinary Panel Data Research 414
Abstract: 
Using longitudinal data from the German Socio-Economic Panel, we estimate the variation of subjective well-being experienced by Germans over the last two decades testing the role of some of the major correlates of people's well-being. Our results suggest that the variation of Germans' well-being between 1996 and 2007 is well predicted by changes over time of income, demographics and social capital. The increase in social capital predicts the largest positive change in subjective well-being. Income growth, also predicts a substantial change in subjective well-being, but it is compensated for about three fourths by the joint negative predictions due to income comparison and income adaptation. Finally, we find that aging of the population predicts the largest negative change in subjective well-being. This result appears to hinge on the large loss of satisfaction experienced by individuals in old age.
Subjects: 
Subjective well-being
life satisfaction
social capital
sociability
relational goods
relative income
social comparisons
income adaptation
SOEP
JEL: 
I3
O1
Document Type: 
Working Paper

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