Publication type
Research Paper
Series Number
0904
Series
Papers on Economics and Evolution
Authors
Publication date
April 1, 2009
Abstract:
We use a panel vector autoregressions model to examine the coevolution of changes in happiness and changes in income, health, marital status as well as employment status for the British Household Panel Survey (BHPS) data set. This technique allows us to simultaneously analyze the impact of the aforementioned factors on each other. We find that increases in happiness are associated with subsequent increases in income, marriage, employment, and health variables, while increases in the these life-domain variables (except health) tend to be followed by decreases in happiness in subsequent periods, suggesting adaptation dynamics in all domains. These findings are quite robust to different model specifications.
Subject
Link
- http://econpapers.repec.org/paper/esievopap/2009-04.htm
Notes
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working paper
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