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Life-Satisfaction and Preference Drift

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Abstract

In this paper an empirical model is presented thataccounts for adaptation behavior in self-reports onlife-satisfaction. The model is used to determinepreference drift – adaptation to income levels – inlife-satisfaction. With preference drift, the effectof income on life satisfaction varies with the levelof life satisfaction. It is found that preferencedrift mainly occurs among individuals with a highlevel of life-satisfaction.

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Authors and Affiliations

  1. Department of Health Sciences, Maastricht University, USA

    Wim Groot

  2. “Scholar” Research Centre for Education and Labor Market, Department of Economics, University of Amsterdam, Amesterdam

    Wim Groot & Henriëtte Maassen van den Brink

  3. Department of Economics and Management, Wageningen University, USA

    Henriëtte Maassen van den Brink

Authors
  1. Wim Groot
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  2. Henriëtte Maassen van den Brink
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Groot, W., Maassen van den Brink, H. Life-Satisfaction and Preference Drift. Social Indicators Research 50, 315–328 (2000). https://doi.org/10.1023/A:1007085500976

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  • DOI: https://doi.org/10.1023/A:1007085500976

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