Clark, A. E. and Georgellis, Y., 2010. Back to Baseline in Britain: Adaptation in the BHPS. Economica. (Submitted)
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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.
|Uncontrolled Keywords:||Life Satisfaction; Anticipation; Adaptation; Baseline Satisfaction; Labour Market and Life Events|
|Subjects:||Social Sciences > Economics|
Social Sciences > Finance and Financial Economics
Social Sciences > Sociology
|Deposited By:||Professor Yannis Georgellis LEFT|
|Deposited On:||02 Sep 2010 11:37|
|Last Modified:||07 Mar 2013 15:35|
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