Life-satisfaction and preference drift

Wim Groot; Henriëtte Maassen Van Den Brink

doi:10.1023/A:1007085500976

Life-satisfaction and preference drift

Wim Groot^*, Henriëtte Maassen Van Den Brink

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

Abstract

Explored the relation between income and happiness at an individual level within a county in the Netherlands. This paper further adds to the existing literature by combining the economic interpretation of the income effect on life-satisfaction with the social-psychological interpretation of adaptation. An empirical model is presented that accounts for adaptation behavior in self-reports on life-satisfaction. The model is used to determine preference driftadaptation to income levelsin life-satisfaction. With preference drift, the effect of income on life-satisfaction varies with the level of life-satisfaction. It is found that preference drift mainly occurs among individuals with a high level of life-satisfaction. (PsycINFO Database Record (c) 2012 APA, all rights reserved)

Original language	English
Pages (from-to)	315-328
Number of pages	14
Journal	Social Indicators Research
Volume	50
Issue number	3
DOIs	https://doi.org/10.1023/A:1007085500976
Publication status	Published - 2000
Externally published	Yes

Keywords

Adaptation
Income
Life-satisfaction
Preference drift

Access to Document

10.1023/A:1007085500976

http://www.mendeley.com/research/lifesatisfaction-preference-drift

Cite this

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title = "Life-satisfaction and preference drift",

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AB - Explored the relation between income and happiness at an individual level within a county in the Netherlands. This paper further adds to the existing literature by combining the economic interpretation of the income effect on life-satisfaction with the social-psychological interpretation of adaptation. An empirical model is presented that accounts for adaptation behavior in self-reports on life-satisfaction. The model is used to determine preference driftadaptation to income levelsin life-satisfaction. With preference drift, the effect of income on life-satisfaction varies with the level of life-satisfaction. It is found that preference drift mainly occurs among individuals with a high level of life-satisfaction. (PsycINFO Database Record (c) 2012 APA, all rights reserved)

KW - Adaptation

KW - Income

KW - Life-satisfaction

KW - Preference drift

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