Year: 2009
Type: book
Abstract: We use a panel vector autoregressions model to examine the coevolution of changes in happiness\nand changes in income, health, marital status as well as employment status for the British\nHousehold Panel Survey (BHPS) data set. This technique allows us to simultaneously analyze\nthe impact of the aforementioned factors on each other. We find that increases in happiness\nare associated with subsequent increases in income, marriage, employment, and health variables,\nwhile increases in the these life-domain variables (except health) tend to be followed by\ndecreases in happiness in subsequent periods, suggesting adaptation dynamics in all domains.\nThese findings are quite robust to different model specifications.
Authors: Martin Binder, Alex Coad
Language: English
Subfield: Social Psychology
Field: Psychology
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1504331011