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The anatomy of subjective well-being

By B. M. S. van Praag, P. Frijters and A. Ferrer-i-Carbonell

Abstract

This paper contributes to the literature on subjective well-being (SWB) by taking into account different aspects of life, called domains, such as health, financial situation, job, leisure, housing, and environment. We postulate a two-layer model where individual total SWB depends on the different subjective domain satisfactions. A distinction is made between long-term and short-term effects. The individual domain satisfactions depend on objectively measurable variables, such as income. The model is estimated using a large German panel data set

Topics: 140100 Economic Theory, Subjective well-being, Satisfaction measurement, Qualitative regressors, Health satisfaction, Job satisfaction
Publisher: Elsevier
Year: 2003
DOI identifier: 10.1016/S0167-2681(02)00140-3
OAI identifier: oai:eprints.qut.edu.au:31713
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