Resource title

The Anatomy of Subjective Well-being

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Resource description

Subjective Well-Being has increasingly been studied by several economists. This paper fits in that literature but takes into account that there are different aspects of life such as health, financial situation, and job. We call them domains. In this paper, we consider Subjective Well-Being as a composite of various domain satisfactions (DS). We postulate a two -layer model where individual Subjective Well-Being is explained by individual subjective domain satisfactions with respect to job, finance, health, leisure, housing, and environment. We distinguish between long -term and short - term effects. Next, we explain domain satisfactions and Subjective Well-Being by objectively measurable variables such as income. We estimate a model for the GS and DS equations with individual random effects and fix time effects.

Resource author

Bernard M. S. van Praag, P. Frijters, Ada Ferrer-i-Carbonell

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18249

Resource license

Adapt according to the presented license agreement and reference the original author.