Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/300997 
Year of Publication: 
2024
Series/Report no.: 
IZA Discussion Papers No. 17101
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Using a high-frequency panel survey, we examine the sensitivity of estimated self-reported well-being (SWB) dynamics to using monthly, quarterly, and yearly data. This is an important issue if SWB is to be used to evaluate policy. Results from autoregressive models that account for individual-level heterogeneity indicate that the estimated persistence using yearly data is near zero. However, estimated persistence from monthly and quarterly data is substantial. We estimate that persistence to shocks typically lasts around six months and has a net present value of 75-80 per cent of the contemporaneous effect. Estimates are similar for different domains of SWB.
Subjects: 
well-being
life satisfaction
happiness
dynamic panel data
panel autoregression
adaptation
persistence
JEL: 
I1
I3
Document Type: 
Working Paper

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