TY - JOUR
T1 - Subjective wellbeing dynamics
AU - Johnston, David W.
AU - Stavrunova, Olena
N1 - Funding Information:
Johnston: Centre for Health Economics, Monash University, 900 Dandenong Road, Caulfield East, VIC 3145, Australia; Stavrunova: Economics Discipline Group, University of Technology Sydney, PO Box 123, Broadway NSW 2007 Australia. Corresponding author: Johnston, email . This article uses unit record data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The HILDA Project was initiated, and is funded, by the Australian Government Department of Social Services (DSS) and is managed by the Melbourne Institute of Applied Economic and Social Research (Melbourne Institute). The findings and views reported in this article, however, are those of the authors and should not be attributed to either DSS or the Melbourne Institute.
Publisher Copyright:
© 2021 The University of Melbourne, Melbourne Institute: Applied Economic & Social Research, Faculty of Business and Economics
Copyright:
Copyright 2021 Elsevier B.V., All rights reserved.
PY - 2021/12
Y1 - 2021/12
N2 - A large multidisciplinary literature has sought to explain how a person's wellbeing changes over time in response to individual life events (for example, unemployment), and to larger scale interventions and events (for example, natural disasters). The Household, Income and Labour Dynamics in Australia (HILDA) Survey has been a key data source for such explorations because of its consistency, longevity and breadth of information. Through a review of past studies, we highlight some important features in the dynamics of subjective wellbeing; particularly focusing on the speed of adaptation to wellbeing shocks, and the presence of heterogeneity in adaptation profiles.
AB - A large multidisciplinary literature has sought to explain how a person's wellbeing changes over time in response to individual life events (for example, unemployment), and to larger scale interventions and events (for example, natural disasters). The Household, Income and Labour Dynamics in Australia (HILDA) Survey has been a key data source for such explorations because of its consistency, longevity and breadth of information. Through a review of past studies, we highlight some important features in the dynamics of subjective wellbeing; particularly focusing on the speed of adaptation to wellbeing shocks, and the presence of heterogeneity in adaptation profiles.
UR - http://www.scopus.com/inward/record.url?scp=85114610541&partnerID=8YFLogxK
U2 - 10.1111/1467-8462.12442
DO - 10.1111/1467-8462.12442
M3 - Review Article
AN - SCOPUS:85114610541
SN - 0004-9018
VL - 54
SP - 518
EP - 529
JO - The Australian Economic Review
JF - The Australian Economic Review
IS - 4
ER -