Fischer, Justina AV (2009): Happiness and age cycles – return to start….
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Previous happiness research has explicitly assumed that subjective well-being is U-shaped in age. This paper sheds new light on this issue testing several functional forms. Using micro data from the World Values Survey on 44’000 persons in 30 economically well-developed OECD countries with long life expectancies, we reveal that age follows a hyperbolic form. We find that life satisfaction reaches another local maximum around the age of 83, with a level identical to that of a 26-years old. This hyperbolic well-being-age relation is robust to the inclusion of cohort effects. We corroborate the functional form using a sample of non-OECD countries.
|Item Type:||MPRA Paper|
|Original Title:||Happiness and age cycles – return to start…|
|Keywords:||Subjective Well-Being; cohorts; happiness; aging; life-course; OECD; WVS; cross-national; life satisfaction|
|Subjects:||C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C51 - Model Construction and Estimation
J - Labor and Demographic Economics > J1 - Demographic Economics > J14 - Economics of the Elderly; Economics of the Handicapped; Non-Labor Market Discrimination
I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare
|Depositing User:||Justina AV Fischer|
|Date Deposited:||16. May 2009 13:48|
|Last Modified:||12. Feb 2013 00:13|
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