- The anatomy of subjective well-being
- Tinbergen Institute Discussion Papers
- Number of pages
- Tinbergen Institute
- Document type
- Working paper
- Faculty of Economics and Business (FEB)
- Amsterdam School of Economics Research Institute (ASE-RI)
This paper contributes to the literature on Subjective Well-Being 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 Subjective Well-Being 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.
- Amsterdam:Tinbergen Institute
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