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Social Indicators Research

, Volume 114, Issue 2, pp 169–191 | Cite as

Predicting the Trend of Well-Being in Germany: How Much Do Comparisons, Adaptation and Sociability Matter?

  • Stefano Bartolini
  • Ennio BilanciniEmail author
  • Francesco Sarracino
Article

Abstract

Using longitudinal data from the German Socio-Economic Panel, we estimate the variation of subjective well-being experienced by Germans over the last two decades testing the role of some of the major correlates of people’s well-being. Our results suggest that the variation of Germans’ well-being between 1996 and 2007 is well predicted by changes over time of income, demographics and social capital. The increase in social capital predicts the largest positive change in subjective well-being. Income growth, also predicts a substantial change in subjective well-being, but it is compensated for about three fourths by the joint negative predictions due to income comparison and income adaptation. Finally, we find that aging of the population predicts the largest negative change in subjective well-being. This result appears to hinge on the large loss of satisfaction experienced by individuals in old age.

Keywords

Subjective well-being Life satisfaction Social capital Sociability Relational goods Relative income Social comparisons Income adaptation SOEP 

Notes

Acknowledgments

Francesco Sarracino is supported by an AFR grant (contract PDR-09-075) by the National Research Fund, Luxembourg cofunded under the Marie Curie Actions of the European Commission (FP7-COFUND).

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Copyright information

© Springer Science+Business Media B.V. 2012

Authors and Affiliations

  • Stefano Bartolini
    • 1
    • 3
  • Ennio Bilancini
    • 2
    Email author
  • Francesco Sarracino
    • 3
  1. 1.Department of EconomicsUniversity of SienaSienaItaly
  2. 2.Department of EconomicsUniversity of Modena and Reggio EmiliaModena and Reggio EmiliaItaly
  3. 3.Population et emploi, CEPS/INSTEADLuxembourgLuxembourg

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