van Praag, Bernard M.S. Frijters, P. Ferrer-i-Carbonell, A.
Year of Publication:
Tinbergen Institute Discussion Paper No. 02-022/3
This paper contributes to the literature on subjective well-being (SWB) by taking into account different aspects of life, called domains, such as health, financial situation, job, leisure, housing, and environment. We postulate a two-layer model where individual total SWB depends on the different subjective domain satisfactions. A distinction is made between long-term and short-term effects. The individual domain satisfactions depend on objectively measurable variables, such as income. The model is estimated using a large German panel data set.
Subjective Well-Being Satisfaction measurement Qualitative regressors Health satisfaction Job satisfaction