Headey, Bruce; Muffels, Ruud J. A.; Wagner, Gert G. - 2011
Using data from national socio-economic panel surveys in Australia, Britain and Germany, this paper analyzes the … accepted theory of SWB, set-point theory. This theory holds that adult SWB is stable in the medium and long term, although … temporary fluctuations occur due to life events. Set-point theory has come under increasing criticism in recent years, primarily …
