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The structure of subjective well-being: a vector autoregressive approach
journal contributionposted on 2023-06-08, 14:28 authored by Martin Binder, Felix Ward
We use panel vector autoregressions to analyze the underlying structure of changes in subjective well-being and its coevolution with changes in income, health, worries, marital status and employment status for the German Socio-Economic Panel (SOEP) data set. We find that positive changes in the named life domains are followed by decreases in subjective well-being (except for health, which is followed by well-being increases). Positive changes in well-being are followed by positive changes in most life domains. We also examine how the structure of subjective well-being differs with respect to different Big Five personality traits.
Department affiliated with
- SPRU - Science Policy Research Unit Publications
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