The anatomy of subjective well-being

B. M.S. van Praag*, P. Frijters, A. Ferrer-i-Carbonell

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

597 Citations (Scopus)

Abstract

This paper contributes to the literature on subjective well-being (SWB) by taking into account different aspects of life, called domains, such as health, financial situation, job, leisure, housing, and environment. We postulate a two-layer model where individual total SWB depends on the different subjective domain satisfactions. A distinction is made between long-term and short-term effects. The individual domain satisfactions depend on objectively measurable variables, such as income. The model is estimated using a large German panel data set.

Original languageEnglish
Pages (from-to)29-49
Number of pages21
JournalJournal of Economic Behavior and Organization
Volume51
Issue number1
DOIs
Publication statusPublished - 1 May 2003
Externally publishedYes

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