Does retirement lead to life satisfaction? Causal evidence from Fixed Effect Instrumental Variable models
This paper presents robust evidence that retirement causally improves overall life satisfaction which is subsequently explained by improvements in satisfaction with one’s financial situation, free time, health, and participation in local community activities.
Focussing on indicators of physical and mental health, life satisfaction and, for youth, educational attainment, this paper employs a range of strategies to test competing hypotheses relating to causal mechanisms and selection effects associated with home-ownership.
This paper explores the impact of a social service – social housing – on people’s wellbeing. It does this by using a novel method to link administrative records and survey data.
Building on existing Australian social statistics, Australia’s Social Pulse measures changes over time in key social indicators across a range of domains. It also uses statistical analysis to investigate associations between outcomes and community, household, and individual characteristics to provide an in-depth understanding of the...
The positive relationship between income and subjective wellbeing has been well documented. However, work assessing the relationship of alternative material wellbeing metrics to subjective wellbeing is limited. Consistent with the permanent income hypothesis, we find that a consumption measure out-performs income in predicting subjective wellbeing...