The importance of sampling frequency for estimates of well-being dynamics
Stephen Hoskins (),
David Johnston,
Johannes S. Kunz (),
Michael Shields and
Kevin Staub
Additional contact information
Stephen Hoskins: Center for Research on Successful Ageing, Singapore Management University
Johannes S. Kunz: Monash University
No 2024-05, Working Papers from Centre for Health Economics, Monash University
Abstract:
Using a high-frequency panel survey, we examine the sensitivity of estimated self-reported well-being (SWB) dynamics to using monthly, quarterly, and yearly data. This is an important issue if SWB is to be used to evaluate policy. Results from autoregressive models that account for individual-level het- erogeneity indicate that the estimated persistence using yearly data is near zero. However, estimated persistence from monthly and quarterly data is substantial. We estimate that persistence to shocks typically lasts around six months and has a net present value of 75–80 per cent of the contemporaneous effect. Estimates are similar for different domains of SWB.
Keywords: well-being; life satisfaction; dynamic panel data; adaptation; panel autoregression (search for similar items in EconPapers)
JEL-codes: I10 I30 I31 (search for similar items in EconPapers)
Date: 2024-04
New Economics Papers: this item is included in nep-hap and nep-sea
References: Add references at CitEc
Citations:
Downloads: (external link)
http://monash-ch-econ-wps.s3-ap-southeast-2.amazon ... e/chemon/2024-05.pdf (application/pdf)
Related works:
Journal Article: The importance of sampling frequency for estimates of well-being dynamics (2024)
Working Paper: The Importance of Sampling Frequency for Estimates of Well-Being Dynamics (2024)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:mhe:chemon:2024-05
Ordering information: This working paper can be ordered from
https://www.monash.edu/business/che
Access Statistics for this paper
More papers in Working Papers from Centre for Health Economics, Monash University Centre for Health Economics, Monash University, 900 Dandenong Road, Caulfield East VIC 3145.. Contact information at EDIRC.
Bibliographic data for series maintained by Johannes Kunz ().