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dc.contributor.authorHeadey, Bruceen
dc.contributor.authorMuffels, Ruuden
dc.contributor.authorWagner, Gert G.en
dc.date.accessioned2010-06-08-
dc.date.accessioned2010-07-22T09:28:39Z-
dc.date.available2010-07-22T09:28:39Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/36715-
dc.description.abstractUsing data from the long-running German Socio-Economic Panel (SOEP) 1984-2008, this paper analyses the effects of individual preferences and choices on subjective well-being (SWB). It is shown that preferences and choices relating to life goals/values, partner's personality, hours of work, social participation and healthy lifestyle all have substantial effects on life satisfaction. The results have negative implications for the still dominant theory of SWB, set-point theory. This theory holds that adult SWB does not change in the medium or long term, although temporary fluctuations occur due to specific life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence in SOEP that, during the last 25 years, up to a third of the population has recorded substantial and apparently permanent changes in life satisfaction. It is becoming clear that the main challenge now for SWB researchers is to develop a new theory which can account for medium and long term change, and not merely stability in SWB. Set-point theory is limited precisely because it is purely a theory of stability. The paper is based on a specially constructed SOEP file in which data are divided into five 5-year periods in order to facilitate analysis of medium term change.en
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x1010en
dc.subject.jelI31en
dc.subject.jelJ1en
dc.subject.jelZ13en
dc.subject.ddc330en
dc.subject.keywordSWBen
dc.subject.keywordset-point theoryen
dc.subject.keywordlife goalsen
dc.subject.keywordindividual choiceen
dc.subject.keywordpanel regression analysisen
dc.subject.keywordSOEPen
dc.subject.stwLebenszufriedenheiten
dc.subject.stwLebensqualitäten
dc.subject.stwEntscheidungen
dc.subject.stwPräferenztheorieen
dc.subject.stwTheorieen
dc.subject.stwDeutschlanden
dc.titleChoices which change life satisfaction: Revising SWB theory to account for change-
dc.type|aWorking Paperen
dc.identifier.ppn627496865en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp1010en

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