Scandinavian Working Papers in Economics

Working Papers,
Örebro University, School of Business

No 2018:13: New ways to measure well-being? A first joint analysis of subjective and objective measures

Daniela Andrén (), Andrew E. Clark (), Conchita D’Ambrosio (), Sune Karlsson () and Nicklas Pettersson ()
Additional contact information
Daniela Andrén: Örebro University School of Business, Postal: Örebro University, School of Business, SE - 701 82 ÖREBRO, Sweden
Andrew E. Clark: Paris School of Economics, Postal: Paris School of Economics, CNRS. 48 Boulevard Jourdan, 75014 Paris, France
Conchita D’Ambrosio: Université du Luxembourg, Postal: Université du Luxembourg, Campus Belval. 11, Porte des, Sciences, L-4366 Esch-sur-, Alzette, Luxembourg
Sune Karlsson: Örebro University School of Business, Postal: Örebro University, School of Business, SE - 701 82 ÖREBRO, Sweden
Nicklas Pettersson: Örebro University School of Business, Postal: Örebro University, School of Business, SE - 701 82 ÖREBRO, Sweden

Abstract: Our study is, to our knowledge, the first joint analysis of subjective and objective measures of well-being. Using a rich longitudinal data from the mothers pregnancy until adulthood for a birth cohort of children who attended school in Örebro during the 1960s, we analyse in a first step how subjective (self-assessed) and objective (cortisol-based) measures of well-being are related to each other. In a second step, life-course models for these two measures are estimated and compared with each other. Despite the fact that our analysis is largely exploratory, our results suggest interesting possibilities to use objective measures to measure well-being, even though this may imply a greater degree of complexity.

Keywords: subjective and objective well-being; general life satisfaction; cortisol; birth-cohort data; adult; child and birth outcomes; multivariate imputation

JEL-codes: A12; D60; I31

11 pages, January 27, 2019

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