The Benefits, Challenges and Insights of a Dynamic Panel Assessment of Life Satisfaction

Alan Piper

No 4, Danish-German Working Papers from Europa-Universität Flensburg, International Institute of Management (IIM), University of Southern Denmark, Department of Border Region Studies (IFG)

Abstract: This study discusses and employs System Generalised Methods of Moments (GMM) dynamic panel analysis to investigate life satisfaction. There are many benefits that such an investigation provides, though commensurate challenges too. Previous attempts to employ dynamic models within life satisfaction research have, in the main and for different reasons, not been wholly successful. This article explains why, how such research can be improved and undertaken in the future, as well as offering insights into life satisfaction and its dynamics. A key insight is that much of the impact of any commonly measured variable on well-being is contemporaneous.

Keywords: Life Satisfaction; Dynamic Panel Analysis; GMM; Happiness; Subjective Well-Being (search for similar items in EconPapers)
Pages: 33 pages
Date: 2015
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Published as Danish-German Research Paper No. 4, 2015

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Related works:
Working Paper: The Benefits, Challenges and Insights of a Dynamic Panel assessment of Life Satisfaction (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:fln:dgwopa:004

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