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The structure of subjective well-being: a vector autoregressive approach

journal contribution
posted on 2023-06-08, 14:28 authored by Martin Binder, Felix Ward
We use panel vector autoregressions to analyze the underlying structure of changes in subjective well-being and its coevolution with changes in income, health, worries, marital status and employment status for the German Socio-Economic Panel (SOEP) data set. We find that positive changes in the named life domains are followed by decreases in subjective well-being (except for health, which is followed by well-being increases). Positive changes in well-being are followed by positive changes in most life domains. We also examine how the structure of subjective well-being differs with respect to different Big Five personality traits.

History

Publication status

  • Published

Journal

Metroeconomica

ISSN

0026-1386

Publisher

Wiley-Blackwell

Issue

2

Volume

64

Page range

361-400

Department affiliated with

  • SPRU - Science Policy Research Unit Publications

Full text available

  • No

Peer reviewed?

  • Yes

Legacy Posted Date

2013-02-22

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