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|Longitudinal Study:||HILDA||Title:||Choices Which Change Life Satisfaction: Similar Results for Australia, Britain and Germany||Authors:||Muffels, R
|Institution:||Springer||Publication Date:||24-May-2012||Pages:||725–748||Keywords:||Individual choice
|Abstract:||Using data from national socio-economic panel surveys in Australia, Britain and Germany, this paper analyzes the effects of individual preferences and choices on subjective well-being (SWB). It is shown that, in all three countries, preferences and choices relating to life goals/values, partner’s personality, hours of work, social participation and healthy lifestyle have substantial and similar effects on life satisfaction. The results have negative implications for a widely accepted theory of SWB, set-point theory. This theory holds that adult SWB is stable in the medium and long term, although temporary fluctuations occur due to life events. Set-point theory has come under increasing criticism in recent years, primarily due to unmistakable evidence in the German Socio-Economic Panel that, during the last 25 years, over a third of the population has recorded substantial and apparently permanent changes in life satisfaction (Fujita and Diener in J Pers Soc Psychol 88:158–64, 2005; Headey in Soc Indic Res 85:389–403, 2008a; Headey et al. in Proc Natl Acad Sci USA 107(42):17922–17926, 2010). It is becoming clear thatthe main challenge now for SWB researchers is to develop new explanations which can account for medium and long term change, and not merely stability in SWB. Set-point theory is limited precisely because it is purely a theory of stability. The paper is based on specially constructed panel survey files in which data are divided into multi-year periods in order to facilitate analysis of medium and long term change.||DOI:||10.1007/s11205-012-0079-8||URL:||https://link.springer.com/article/10.1007/s11205-012-0079-8||Keywords:||Surveys and Survey Methodology -- Survey comparison||Research collection:||Journal Articles|
|Appears in Collections:||Journal Articles|
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