Scandinavian Working Papers in Economics
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Swedish Institute for Social Research, Stockholm University Working Paper Series, Swedish Institute for Social Research, Stockholm University

No 1/2017:
The Association Between Life Satisfaction and Affective Well-Being

Martin Berlin and Filip Fors

Abstract: We estimate the correlation between life satisfaction and affective (emotional) well-being two conceptually distinct dimensions of subjective well-being. We propose a simple model that distinguishes between a stable and a transitory component of affective well-being, and which also accounts for measurement error in self-reports of both variables, including current mood-bias effects on life satisfaction judgments. The model is estimated using momentarily measured well-being data, from an experience sampling survey that we conducted on a population sample of Swedes aged 1850 (n=252). Our main estimates of the correlation between life satisfaction and long-run affective well-being range between 0.78 and 0.91, indicating a stronger convergence between these variables than many previous studies that do not account for measurement issues.

Keywords: Subjective well-being; life satisfaction; affective well-being; (follow links to similar papers)

38 pages, February 9, 2017

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