Arbeitspapier
The relationship between age and subjective well-being: Estimating within and between effects simultaneously
Based on data from the German Socio-Economic Panel (SOEP), we used a correlated random effects econometric framework to simultaneously estimate the within and between effects of age on subjective well-being. The proposed approach overcomes the ambiguity in the relationship between age and subjective well-being reported in a series of studies based on cross-sectional and/or longitudinal panel data. Our results suggest that a cubic-type functional relationship between well-being and age fits the data best, leading to highly significant coefficient estimates associated with the age variables, and consistent within and between effects of age on subjective well-being. A linear or quadratic functional relationship between well-being and age is not empirically supported, as the between and within estimates of age on well-being differ significantly from each other. The main findings are robust to the inclusion of a broad range of individual-level sociological, demographic, and economic controls, and to the inclusion of various interviewer controls such as survey experience, survey type, and interviewer fixed effects.
- Sprache
-
Englisch
- Erschienen in
-
Series: Oldenburg Discussion Papers in Economics ; No. V-421-19
- Klassifikation
-
Wirtschaft
General Welfare; Well-Being
Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Demographic Economics: General
- Thema
-
Subjective Well-Being
Life Cycle Happiness
Cohort Effects
Mundlak Approach
Correlated Random Effects
Fixed Effects
Between- and Within-Person Effects
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Biermann, Philipp
Bitzer, Jürgen
Gören, Erkan
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Oldenburg, Department of Economics
- (wo)
-
Oldenburg
- (wann)
-
2019
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Biermann, Philipp
- Bitzer, Jürgen
- Gören, Erkan
- University of Oldenburg, Department of Economics
Entstanden
- 2019
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