In this paper an empirical model is presented that accounts for adaptation behavior in self-reports on life-satisfaction. The model is used to determine preference drift - adaptation to income levels - in life-satisfaction. With preference drift, the effect of income on life satisfaction varies with the level of life satisfaction. It is found that preference drift mainly occurs among individuals with a high level of life-satisfaction.
CITATION STYLE
Groot, W., & Maassen Van Den Brink, H. (2000). Life-satisfaction and preference drift. Social Indicators Research, 50(3), 315–328. https://doi.org/10.1023/A:1007085500976
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