In studies of subjective well-being, economists and other researchers typically use a fixed or random effect estimation to control for unobservable heterogeneity across individuals. Such individual heterogeneity, although substantially reducing the estimated effect of many characteristics, is...

This paper investigates whether people’s psychological resilience to one of the most important economic shocks – job loss – can be predicted using early childhood characteristics. Using a longitudinal data that tracked almost 3000 children into adulthood, we showed that the negative effect...

This paper tests whether one partner's happiness significantly influences the happiness of the other partner. Using 10 waves of the British Household Panel Survey, it utilizes a panel-based GMM methodology to estimate a dynamic model of life satisfaction. The use of the GMM-system estimator...