Work

The importance of sampling frequency for estimates of well-being dynamics

Year: 2024

Type: article

Abstract: Using a high-frequency panel survey, we examine the sensitivity of estimated self-reported well-being (SWB) dynamics to using monthly, quarterly, and yearly data. This is an important issue if SWB is to be used to evaluate policy. Results from autoregressive models that account for individual-level heterogeneity indicate that the estimated persistence using yearly data is near zero. However, estimated persistence from monthly and quarterly data is substantial. We estimate that persistence to shocks typically lasts around six months and has a net present value of 75-80 per cent of the contemporaneous effect. Estimates are similar for different domains of SWB.

Source: Economics Letters

DOI: 10.1016/j.econlet.2024.111880

Authors: Stephen Hoskins, David W. Johnston, Johannes S. Kunz, Michael A. Shields, Kevin E. Staub

Institutions: Singapore Management University, Monash University, The University of Melbourne

Language: English

Topic: Psychological Well-being and Life Satisfaction

Subfield: Social Psychology

Field: Psychology

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,980

Funders: Ngee Ann Kongsi, Ministry of Education - Singapore, Ministry of Education, India, Singapore Management University