(Mis-)predicted subjective well-being following life events

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(Mis-)predicted subjective well-being following life events

Discussion paper / Internet publication

ID	3351568
Author(s)	Odermatt, Reto; Stutzer, Alois
Author(s) at UniBasel	Stutzer, Alois Odermatt, Reto
Year	2015
Month and day	08-01
Title	(Mis-)predicted subjective well-being following life events
Series title	IZA discussion paper series
Number	9252
Pages	42
Publisher / Institution	Institut zur Zukunft der Arbeit
URL	http://ftp.iza.org/dp9252.pdf
Abstract	The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life satisfaction in five years' time to their actual realisations later on. This is done after the individuals experience widowhood, marriage, unemployment or disability. We find systematic prediction errors that are at least partly driven by unforeseen adaptation.
ISSN	2365-9793
edoc-URL	http://edoc.unibas.ch/40445/
Full Text on edoc	Available

20/04/2024

Research Database / FORSCHUNGSDATENBANK