Arbeitspapier
(Mis-)predicted subjective well-being following life events
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life satisfaction in five years' time to their actual realisations later on. This is done after the individuals experience widowhood, marriage, unemployment or disability. We find systematic prediction errors that are at least partly driven by unforeseen adaptation.
- Sprache
-
Englisch
- Erschienen in
-
Series: SOEPpapers on Multidisciplinary Panel Data Research ; No. 787
- Klassifikation
-
Wirtschaft
Consumer Economics: Empirical Analysis
Welfare Economics: General
General Welfare; Well-Being
- Thema
-
adaptation
life satisfaction
life events
projection-bias
subjective well-being
utility prediction
unemployment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Odermatt, Reto
Stutzer, Alois
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsches Institut für Wirtschaftsforschung (DIW)
- (wo)
-
Berlin
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Odermatt, Reto
- Stutzer, Alois
- Deutsches Institut für Wirtschaftsforschung (DIW)
Entstanden
- 2015
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