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Revisiting Cheerful Jane and Miserable John: The impact of income, good health, social contacts and education declines with increasing subjective well-being

Martin Binder ()

No 2015-01, Papers on Economics and Evolution from Philipps University Marburg, Department of Geography

Abstract: This short note seeks to replicate the quantile regression analysis in Binder and Coad (2011), but taking into account individual-specific fixed effects (using the BHPS data set). It finds declining effects of the four main variables of interest (health, social life, income, education) over the quantiles of the subjective well-being distribution, with attenuated effect sizes for the fixed-effects model. Equivalized log income has a negative impact on subjective well-being throughout the distribution. Apart from a number of robustness checks, existing research is extended by looking into the quantile effects of the above variables on a set of domain satisfactions.

Keywords: subjective well-being; quantile regressions; heterogeneity; BHPS; life satisfaction (search for similar items in EconPapers)
JEL-codes: I12 I31 R15 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2015-06-24
New Economics Papers: this item is included in nep-hap and nep-hea
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Journal Article: Revisiting Cheerful Jane and Miserable John: the impact of income, good health, social contacts and education declines with increasing subjective well-being (2016) Downloads
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