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The Structure of Subjective Well‐being: A Vector Autoregressive Approach
Author(s) -
Binder Martin,
Ward Felix
Publication year - 2013
Publication title -
metroeconomica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.256
H-Index - 29
eISSN - 1467-999X
pISSN - 0026-1386
DOI - 10.1111/meca.12011
Subject(s) - autoregressive model , set (abstract data type) , personality , econometrics , marital status , economics , psychology , demographic economics , social psychology , computer science , sociology , demography , population , programming language
We use panel vector autoregressions to analyze the underlying structure of changes in subjective well‐being and its coevolution with changes in income, health, worries, marital status and employment status for the G erman S ocio‐ E conomic P anel ( SOEP ) data set. We find that positive changes in the named life domains are followed by decreases in subjective well‐being (except for health, which is followed by well‐being increases). Positive changes in well‐being are followed by positive changes in most life domains. We also examine how the structure of subjective well‐being differs with respect to different B ig F ive personality traits.