Changes in Subjective Well-Being Over Time in Germnay
Ana I. Moro Egido (),
Maria Navarro () and
Angeles Sánchez ()
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Ana I. Moro Egido: Department of Economic Theory and Economic History, University of Granada.
Maria Navarro: Department of Economic Theory and Economic History, University of Granada.
Authors registered in the RePEc Author Service: Ana Isabel Moro-Egido ()
No 17/05, ThE Papers from Department of Economic Theory and Economic History of the University of Granada.
Using data from the German Socio-Economic Panel, we study the evolution of subjective well-being from 1999 to 2014. More specifically, we analyze the main determinants of changes in subjective well-being once we determine the main factors of predicted changes of subjective well-being. Moreover, we test whether these determinants exert a differential effect when considering ups and downs in subjective well-being. Our main findings indicate that, social, cultural and psychological capital predict the largest changes in subjective well-being. We also observe that absolute income has effects on changes in subjective well-being, but is not relevant at level. Additionally, adaptation is always complete except when we focus on specific changes, that is, when we distinguish between ups and downs in subjective well-being, adaptation affects the positive changes. In general, our evidence shows that all factors except bridging social capital, worries and risk have a different effect on the level and changes in subjective well-being.
Keywords: subjective well-being evolution; social comparisons; social capital; cultural capital; psychological capital. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:gra:wpaper:17/05
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