Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/35084
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dc.contributor.authorFrijters, Paulen_US
dc.contributor.authorJohnston, David W.en_US
dc.contributor.authorShields, Michael A.en_US
dc.date.accessioned2008-09-22en_US
dc.date.accessioned2010-07-07T11:33:25Z-
dc.date.available2010-07-07T11:33:25Z-
dc.date.issued2008en_US
dc.identifier.piurn:nbn:de:101:1-20080723156en_US
dc.identifier.urihttp://hdl.handle.net/10419/35084-
dc.description.abstractThis paper addresses the question of when and to what extent individuals are affected by major positive and negative life events, including changes in financial situation, marital status, death of child or spouse and being a victim of crime. The key advantage of our data is that we are able to identify these events on a quarterly basis rather than on the yearly basis used by previous studies. We find evidence that life events are not randomly distributed, that individuals to a large extent anticipate major events and that they quickly adapt. These effects have important implications for the calculation of monetary values needed to compensate individuals for life events such as crime or death of spouse. We find that our new valuation methodology that incorporates these dynamic factors produces considerably smaller compensation valuations than those calculated using the standard approach.en_US
dc.language.isoengen_US
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen_US
dc.relation.ispartofseries|aIZA Discussion Papers |x3604en_US
dc.subject.jelI0en_US
dc.subject.ddc330en_US
dc.subject.keywordLife satisfactionen_US
dc.subject.keywordlife eventsen_US
dc.subject.keywordadaptationen_US
dc.subject.keywordcompensationen_US
dc.subject.stwLebenszufriedenheiten_US
dc.subject.stwLebensverlaufen_US
dc.subject.stwPrivater Haushalten_US
dc.subject.stwAustralienen_US
dc.titleHappiness dynamics with quarterly life event dataen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn573773025en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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