Journal Article
Well-being over the life span: semiparametric evidence from British and German longitudinal data
Authors
Publication date
Mar 2013
Abstract
This paper applies This paper applies semiparametric regression models using penalized splines to investigate the profile of well-being over the life span. Using data from the British Household Panel Survey (BHPS) and the German Socio-Economic Panel Study (SOEP), the analysis shows a common, and quite similar, age-specific pattern of life satisfaction for both Britain and Germany that can be characterized by three age stages. The evidence suggests that the U-shaped profile is a good approximation of decreasing and increasing well-being in the first and second stage. After people reached their late 60s, however, a decline in well-being is found in the third stage.
Published in
Review of Economics and Statistics
Volume and page numbers
95 , 154 -167
DOI
http://dx.doi.org/10.1162/REST_a_00222
ISSN
16
Subjects
Well Being and Life Course Analysis
Links
http://serlib0.essex.ac.uk/record=b1588265~S5
Notes
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