The association between life satisfaction and affective well-being

Martin Berlin and Filip Fors Connolly

Journal of Economic Psychology, 2019, vol. 73, issue C, 34-51

Abstract: We estimate the correlation between life satisfaction and affect—two conceptually distinct dimensions of subjective well-being. We propose a simple model that distinguishes between a stable and a transitory component of affect, and which also accounts for measurement error in self-reports of both variables, including current-mood bias effects on life satisfaction judgments. The model is estimated using momentarily measured well-being data, from an experience sampling survey that we conducted on a population sample of Swedes aged 18–50 (n=252). Our main estimates of the correlation between life satisfaction and long-run affective well-being range between 0.78 and 0.91, indicating a stronger convergence between these variables than many previous studies that do not account for measurement issues.

Keywords: Subjective well-being; Life satisfaction; Affective well-being; Measurement error; Reliability (search for similar items in EconPapers)
JEL-codes: C10 I30 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:73:y:2019:i:c:p:34-51

DOI: 10.1016/j.joep.2019.04.010

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