Abstract
Panel data transcends cross-sectional data by tapping pooled inter- and intra-individual differences, along with between and within individual variation separately. In the present study these micro variations in ill-being are predicted by psychological indicators constructed from the British Household Panel Survey (BHPS). Panel regression effects are corrected for errors-in-variables, which attenuate slopes estimated by traditional panel regressions. These corrections reveal that unhappiness and life dissatisfaction are distinct variables that have different psychological causations.
Highlights
Panel data transcends cross-sectional data by tapping pooled inter- and intra-individual differences, along with between and within individual variation separately
The present paper strengthens this multi-dimensionality with the discovery that different aspects of depression drive unhappiness and dissatisfaction in very different ways
Bechtel (2007) found that mental distress was the strongest driver of life dissatisfaction as self-reported on the British Household Panel Survey (BHPS) and the European Social Survey (ESS)
Summary
The history of the concept of happiness, stretching over two thousand years, is not a simple one. To be satisfied with life is not the same thing as to attain perfection or to enjoy a long succession of pleasures This modern conflation of happiness and satisfaction was picked up in the 1970’s by the social indicators movement in three different ways. Andrews and Withey (1974) introduced the following life quality scale in the lead article of the maiden issue of Social Indicators Research: Terrible Unhappy Mostly satisfied Mostly Pleased Delighted dissatisfied and dissatisfied Satisfied This sequence of response labels presumes that (dis)satisfaction constitutes the core of a wellbeing continuum, and that (un)happiness constitutes the extremes of this single dimension. Gundelach and Kreiner (2004, p.363) concluded that happiness and satisfaction are correlated, distinct variables In this same year Michalos, who has edited Social Indicators Research since its inception in 1974, noted that. The present paper strengthens this multi-dimensionality with the discovery that different aspects of depression drive unhappiness and dissatisfaction in very different ways
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