2008
DOI: 10.1111/j.1468-0297.2008.02150.x
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Abstract: We look for evidence of habituation in twenty waves of German panel data: do individuals, after life and labour market events, tend to return to some baseline level of well-being? Although the strongest life satisfaction effect is often at the time of the event, we find significant lag and lead effects. We cannot reject the hypothesis of complete adaptation to marriage, divorce, widowhood, birth of child, and layoff. However, there is little evidence of adaptation to unemployment. Men are somewhat more affecte… Show more

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Cited by 895 publications
(953 citation statements)
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References 31 publications
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“…The psychological case for the cardinality assumption depends on evidence suggesting individuals interpret response scales as implying an equalspacing metric and are capable of responding accordingly. The case for adoption of the cardinality assumption in economics has been made by van Praag (1991) and by Ferrer-iCarbonell and Frijters (2004), among others, and recent applications using this approach include Clark et al (2008) and Taylor et al (2011);van Praag and Frijters (1999) provide an extended discussion of well-being and welfare functions in relation to the utility concept.…”
Section: Estimationmentioning
confidence: 99%
“…The psychological case for the cardinality assumption depends on evidence suggesting individuals interpret response scales as implying an equalspacing metric and are capable of responding accordingly. The case for adoption of the cardinality assumption in economics has been made by van Praag (1991) and by Ferrer-iCarbonell and Frijters (2004), among others, and recent applications using this approach include Clark et al (2008) and Taylor et al (2011);van Praag and Frijters (1999) provide an extended discussion of well-being and welfare functions in relation to the utility concept.…”
Section: Estimationmentioning
confidence: 99%
“…The policy conclusion is then that we should concentrate our fire on the short-term unemployed, where the well-being returns from employment are largest. Clark et al (2008a) look for evidence of habituation in twenty waves of German (GSOEP) panel data, considering marriage, divorce, widowhood, birth of child, layoff, and unemployment. They carry out a fixed-effect econometric analysis using panel data, which effectively follows the same individual over time before, during and after the event in -5 -question.…”
Section: What If Individuals "Get Used" To Unemployment? a Growing LImentioning
confidence: 99%
“…Also using GSOEP data, Clark et al (2008) analyze the degree of anticipation and adaptation to six labor market and family events. Controlling for unobserved heterogeneity, they find strong evidence of both lead and lag effects on current levels of life satisfaction suggesting that after some time subjective well-being indicators tend to return to a particular baseline level.…”
Section: Job Quality and Medium Term Effectsmentioning
confidence: 99%