English title: Happiness Across the Life Cycle: Exploring Age-Specific Preferences
Author(s): Orsolya Lelkes -
Type: Report, working paper
Existing evidence suggests that there is a U-shaped relationship between age and happiness, where happiness is the lowest in the middle age, when controlling for income and education and other personal characteristics. On the other hand, there is no clear pattern between old age and happiness without the use of controls. Thus, it is not ageing as such, which results in declining happiness, but rather the circumstances associated with ageing. Had the elderly not been confronted with these circumstances, they would live a much happier period of their lives than in their middle ages. In an ageing society the question arises: which of these circumstances could be averted in order to provide a high wellbeing for the old? In order to answer these questions, we also need to explore whether the attitudes and preferences of the elderly are similar to others. The paper aims to explore these issues, using a cross-country survey.
Institution: Munich Personal RePEc Archive
Number of pages: 23
Series: MPRA Paper