Back to Baseline in Britain: Adaptation in the British Household Panel Survey

17 Pages Posted: 29 Jun 2013

See all articles by Andrew Clark

Andrew Clark

Paris School of Economics (PSE); IZA Institute of Labor Economics

Yannis Georgellis

University of Kent

Date Written: July 2013

Abstract

We look for evidence of adaptation in wellbeing to major life events using eighteen waves of British panel data. Adaptation to marriage, divorce, birth of child and widowhood appears to be rapid and complete; this is not so for unemployment. These findings are remarkably similar to those in previous work on German panel data. Equally, the time profiles with life satisfaction as the wellbeing measure are very close to those using a twelve‐item scale of psychological functioning. As such, the phenomenon of adaptation may be a general one, rather than being found only in German data or using single‐item wellbeing measures.

Suggested Citation

Clark, Andrew Eric and Georgellis, Yannis, Back to Baseline in Britain: Adaptation in the British Household Panel Survey (July 2013). Economica, Vol. 80, Issue 319, pp. 496-512, 2013, Available at SSRN: https://ssrn.com/abstract=2287007 or http://dx.doi.org/10.1111/ecca.12007

Andrew Eric Clark

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Yannis Georgellis

University of Kent ( email )

Canterbury, Kent CT2 7PE
United Kingdom

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