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Happiness: Revising Set-Point Theory and Dynamic Equilibrium Theory to Account for Long Term Change

Year:    2007

Author:    Headey, Bruce

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 127 (2007), Iss. 1 : pp. 85–94

Abstract

An adequate theory of happiness or subjective well-being (SWB) needs to link at least three sets of variables: stable person characteristics, life events and measures of well-being (life satisfaction, positive affects) and ill-being (anxiety, depression, negative affects). By including personality measures in the 2005 survey, SOEP becomes the first available dataset to provide long term evidence about personality, life events and change in one key measure of SWB, namely life satisfaction. Using these data, the paper suggests a major revision to the set-point or dynamic equilibrium theory of SWB in order to account for long term change.

Journal Article Details

Publisher Name:    Global Science Press

Language:    Multiple languages

DOI:    https://doi.org/10.3790/schm.127.1.85

Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 127 (2007), Iss. 1 : pp. 85–94

Published online:    2007-01

AMS Subject Headings:    Duncker & Humblot

Copyright:    COPYRIGHT: © Global Science Press

Pages:    10

Author Details

Headey, Bruce

  1. Market, Ethics and Religion

    Happiness in the Hands of Empirical Economists

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    2023

    https://doi.org/10.1007/978-3-031-08462-1_5 [Citations: 0]