The anatomy of subjective well-being Praag, B.M.S. van; Frijters, P; Ferrer-i-Carbonell, A

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Praag, B.M.S. van ; Frijters, P ; Ferrer-i-Carbonell, A
Appears In
Journal of Economic Behavior & Organization
Labour force Models ; Labour force Behavior ; Satisfaction measurement
This paper contributes to the literature on subjective well-being (SWB) by taking into account different aspects of life, called domains, such as health, financial situation, job, leisure, housing, and environment. We postulate a two-layer model where individual total SWB depends on the different subjective domain satisfactions. A distinction is made between long-term and short-term effects. The individual domain satisfactions depend on objectively measurable variables, such as income. The model is estimated using a large German panel data set.
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