The Best Years of Older Europeans' Lives.

Álvarez, Begoña

This paper offers new evidence on the life-cycle pattern of happiness. A novelty of the analysis is that it exploits information on the period individuals recall as the happiest in their lives. Data come from SHARELIFE 2008/09, a retrospective life survey conducted in 13 European countries among individuals aged 50 or more. Using this information, I build a longitudinal data set that extends across the whole lifespan of respondents. The probability of living a happiest year in life at each age is estimated through a conditional fixed effects logit model. Results show that the likelihood of living the happiest period in life exhibits a concave relationship with age, with a turning point at about 30–34 years and a decreasing trend from that point onward. Retrospectively, midlife is not perceived as the least likely happiest period in life. These patterns persist even after controlling for usual correlates of subjective well-being, and they are rather stable across cohorts and genders despite presenting certain variability across European countries.

FIXED effects model; AGE; SUBJECTIVE well-being (Psychology); PANEL analysis; OLDER people

Social Indicators Research, 2022, Vol 160, Issue 1, p227

0303-8300

Academic Journal

10.1007/s11205-021-02804-6