Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-51551
Baetschmann, Gregori (2011). Heterogeneity in the relationship between happiness and age: Evidence from the German Socio-Economic Panel. Working paper series / Department of Economics No. 47, University of Zurich.
This paper studies the evolution of life satisfaction over the life course in Germany. It clarifies the causal interpretation of the econometric model by discussing the choice of control variables and the underidentification between age, cohort and time effects. The empirical part analyzes the distribution of life satisfaction over the life course at the aggregated, subgroup and individual level. To the findings: On average, life satisfaction is mildly decreasing up to age fifty-five followed by a hump shape with a maximum at seventy. The analysis at the lower levels suggests that people differ in their life satisfaction trends, whereas the hump shape after age fifty-five is robust. No important differences between men and women are found. In contrast, education groups differ in their trends: highly educated people become happier over the life cycle, where life satisfaction decreases for less educated people.
|Item Type:||Working Paper|
|Communities & Collections:||03 Faculty of Economics > Department of Economics|
Working Paper Series > Department of Economics
|JEL Classification:||C23, I31, D91|
|Deposited On:||25 Nov 2011 10:13|
|Last Modified:||20 Oct 2012 18:09|
|Series Name:||Working paper series / Department of Economics|
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