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dc.contributor.authorWunder, Christophen
dc.contributor.authorWiencierz, Andreaen
dc.contributor.authorSchwarze, Johannesen
dc.contributor.authorKüchenhoff, Helmuten
dc.contributor.authorKleyer, Saraen
dc.date.accessioned2009-05-08-
dc.date.accessioned2010-07-07T11:53:59Z-
dc.date.available2010-07-07T11:53:59Z-
dc.date.issued2009-
dc.identifier.piurn:nbn:de:101:1-20090513533en
dc.identifier.urihttp://hdl.handle.net/10419/35616-
dc.description.abstractThis paper applies semiparametric regression models using penalized splines to investigate the profile of well-being over the life span. Splines have the advantage that they do not require a priori assumptions about the form of the curve. Using data from the British Household Panel Survey (BHPS) and the German Socio-Economic Panel Study (SOEP), the analysis shows a common, quite similar, age-specific pattern of life satisfaction for both Britain and Germany that can be characterized by three age stages. In the first stage, life satisfaction declines until approximately the fifth life decade. In the second age stage, well-being clearly increases and has a second turning point (maximum) after which well-being decreases in the third age stage. Several reasons for the three-phase pattern are discussed. We point to the fact that neither polynomial functions of the third nor the fourth degree describe the relationship adequately: polynomials locate the minimum and the maximum imprecisely. In addition, our analysis discusses the indistinguishability of age, period, and cohort effects: we propose estimating age-period models that control for cohort effects including substantive variables, such as the life expectancy of the birth cohort, and further observed socioeconomic characteristics in the regression.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x4155en
dc.subject.jelC14en
dc.subject.jelC23en
dc.subject.jelD10en
dc.subject.jelI31en
dc.subject.ddc330en
dc.subject.keywordSubjective well-beingen
dc.subject.keywordlife satisfactionen
dc.subject.keywordsemiparametric regressionen
dc.subject.keywordpenalized splinesen
dc.subject.keywordage-period modelen
dc.subject.keywordage-cohort modelen
dc.subject.stwLebenszufriedenheiten
dc.subject.stwLebensverlaufen
dc.subject.stwKohortenanalyseen
dc.subject.stwDeutschlanden
dc.subject.stwGroßbritannienen
dc.titleWell-being over the life span: semiparametric evidence from British and German longitudinal data-
dc.type|aWorking Paperen
dc.identifier.ppn599480432en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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