This study discusses and employs dynamic panel data to investigate life satisfaction. A key result is that approximately 90% of the impact of any commonly measured variable on well-being is contemporaneous. This reflects the finding that lagged life satisfaction has a small, positive and...

This investigation employs dynamic panel analysis to provide new insights into the phenomenon of adaptation. Using the British Household Panel Survey, it is demonstrated that happiness is largely (but not wholly) contemporaneous. This can help provide explanations for previous findings, where...

This paper offers methodological comments on a recent (November 2014) Economic Journal article. The comments consider its use of a dynamic model - the inclusion of a lagged dependent variable - and its approach to estimation. By way of critique, the authors highlight general issues regarding...