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What predicts a successful life? A life-course model of well-being
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Layard, Richard, Clark, Andrew E., Cornaglia, Francesca, Powdthavee, Nattavudh and Vernoit, James (2014) What predicts a successful life? A life-course model of well-being. The Economic Journal, 124 (580). F720-F738. doi:10.1111/ecoj.12170 ISSN 0013-0133.
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Official URL: http://dx.doi.org/10.1111/ecoj.12170
Abstract
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.
| Item Type: | Journal Article | ||||||
|---|---|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||
| Journal or Publication Title: | The Economic Journal | ||||||
| Publisher: | Wiley-Blackwell Publishing Ltd. | ||||||
| ISSN: | 0013-0133 | ||||||
| Official Date: | November 2014 | ||||||
| Dates: |
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| Volume: | 124 | ||||||
| Number: | 580 | ||||||
| Page Range: | F720-F738 | ||||||
| DOI: | 10.1111/ecoj.12170 | ||||||
| Status: | Peer Reviewed | ||||||
| Publication Status: | Published | ||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||
| Related URLs: |
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