Back to Baseline in Britain: Adaptation in the British Household Panel Survey.

Clark, A. E. and Georgellis, Y., 2013. Back to Baseline in Britain: Adaptation in the British Household Panel Survey. Economica, 80 (319), pp. 496-512.

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DOI: 10.1111/ecca.12007

Abstract

We look for evidence of adaptation in sixteen waves of British panel data. We find that, with the exception of unemployment, adaptation to other life events including marriage, divorce, birth of a child and widowhood is rapid and complete. These findings are remarkably similar to those in previous analysis of German panel data. Equally, the time profiles of well-being as measured by life satisfaction data are very close to those from the analysis of a twelve-item scale of psychological functioning. As such, the phenomenon of adaptation may be a general one, rather than being only found in German data or using single-item measures. Last, we uncover some systematic differences in adaptation profiles according to “Big Five” personality measures.

Item Type:Article
ISSN:0013-0427
Uncontrolled Keywords:Life Satisfaction; Anticipation; Adaptation; Baseline Satisfaction; Labour Market and Life Events
Subjects:Social Sciences > Economics
Social Sciences > Finance and Financial Economics
Psychology
Social Sciences > Sociology
Group:Business School
ID Code:16009
Deposited By:Professor Yannis Georgellis LEFT
Deposited On:02 Sep 2010 11:37
Last Modified:15 Jul 2013 16:25

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