19 Pages Posted: 8 Nov 2014
Date Written: November 2014
Policy makers who care about well‐being need a recursive model of how adult life‐satisfaction is predicted by childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the British Cohort Study (1970). We show that the most powerful childhood predictor of adult life‐satisfaction is the child's emotional health, followed by the child's conduct. The least powerful predictor is the child's intellectual development. This may have implications for educational policy. Among adult circumstances, family income accounts for only 0.5% of the variance of life‐satisfaction. Mental and physical health are much more important.
Suggested Citation: Suggested Citation
Layard, Richard and Clark, Andrew and Cornaglia, Francesca and Powdthavee, Nattavudh and Vernoit, James, What Predicts a Successful Life? A Life‐Course Model of Well‐Being (November 2014). Feature Issue, Vol. 124, Issue 580, pp. F720-F738, 2014. Available at SSRN: https://ssrn.com/abstract=2520684 or http://dx.doi.org/10.1111/ecoj.12170
This is a Wiley-Blackwell Publishing paper. Wiley-Blackwell Publishing charges $38.00 .
File name: ECOJ.
If you wish to purchase the right to make copies of this paper for distribution to others, please select the quantity.