The U-shaped relationship between happiness and age: evidence using world values survey data |
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Authors: | Edsel L. Beja Suffix" >Jr. |
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Affiliation: | 1.Department of Economics,Ateneo de Manila University,Quezon City,Philippines |
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Abstract: | The paper retests the U-shaped relationship between happiness and age using the cross-classified multilevel regression procedure and the World Values Survey data. The analysis accounts for period and cohort effects. The results reconfirm the pattern that happiness is U-shaped in the life course. That is, happiness decreases from a high-point in young adulthood, reaches a low-point in midlife, and thereafter increases to arrive at another high-point in old age. The results show that the high-point of happiness in old age is lower than the high-point of happiness in young adulthood. That happiness does not return to its initial high-point after it drops to a low-point in midlife is perhaps another stylized fact in the relationship between happiness and age. |
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