Adaptation and anticipation effects to life events in the United Kingdom
Luis Angeles ()
No 2010-01, SIRE Discussion Papers from Scottish Institute for Research in Economics (SIRE)
We analyze how individual happiness is affected over time by nine major life events using a panel of British individuals. Our aim is to test for the existence of adaptation and anticipation effects. Adaptation effects are found for all the life events considered with the possible exception of unemployment. Anticipation effects precede events that are easily predicted such as marriage, separation and the birth of a child.
Keywords: adaptation effects; anticipation effects; happiness; life satisfaction; United Kingdom (search for similar items in EconPapers)
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Working Paper: Adaption and anticipation effects to life events in the United Kingdom (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:edn:sirdps:134
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