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Abstract:

cover
CEP Discussion Paper
Early-Life Correlates of Later-Life Well-Being: Evidence from the Wisconsin Longitudinal Study
Andrew E. Clark and Tom Lee
November 2017
Paper No' CEPDP1512:
Full Paper (pdf)

JEL Classification: I31; I38


Tags: life-course; well-being; eudaimonia; health; happiness

We here use data from the Wisconsin Longitudinal Study (WLS) to provide one of the first analyses of the distal (early-life) and proximal (later-life) correlates of older-life subjective well-being. Unusually, we have two distinct measures of the latter: happiness and eudaimonia. Even after controlling for proximal covariates, outcomes at age 18 (IQ score, parental income and parental education) remain good predictors of well-being over 50 years later. In terms of the proximal covariates, mental health and social participation are the strongest predictors of both measures of well-being in older age. However, there are notable differences in the other correlates of happiness and eudaimonia. As such, well-being policy will depend to an extent on which measure is preferred.