Abstract
This paper partly revises the dynamic equilibrium (DE) theory of subjective well-being (SWB), sometimes termed set point theory. Results from four national panel surveys show that correlations among measures of SWB diminish over time, and that the SWB set points of a minority of individuals substantially change. These results mean that DE theory requires revision to make it more dynamic and enable it to better account for medium term change in SWB. The paper identifies personality traits and life events associated with subsequent changes in SWB. Data come from German, British and Australian panel surveys in which SWB has been measured for between 9 and 20 years. Panel regression random and fixed effects models were used to analyse the data.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
