The Anatomy of Subjective Well-Being

Bernard van Praag, Paul Frijters and Ada Ferrer-i-Carbonell

No 265, Discussion Papers of DIW Berlin from DIW Berlin, German Institute for Economic Research

Abstract: Subjective Well-Being has increasingly been studied by several economists. This paper fits in that literature but takes into account that there are different aspects of life such as health, financial situation, and job. We call them domains. In this paper, we consider Subjective Well-Being as a composite of various domain satisfactions (DS). We postulate a two -layer model where individual Subjective Well-Being is explained by individual subjective domain satisfactions with respect to job, finance, health, leisure, housing, and environment. We distinguish between long -term and short - term effects. Next, we explain domain satisfactions and Subjective Well-Being by objectively measurable variables such as income. We estimate a model for the GS and DS equations with individual random effects and fix time effects.

Keywords: Subjective Well-Being; satisfaction measurement; qualitative regressors; health satisfaction; job satisfaction (search for similar items in EconPapers)
JEL-codes: C23 C25 I31 (search for similar items in EconPapers)
Pages: 42 p.
Date: 2001
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Citations: View citations in EconPapers (23)

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Related works:
Journal Article: The anatomy of subjective well-being (2003)
Working Paper: The Anatomy of Subjective Well-being (2002)
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