Clark, A. E., Diener, E., Georgellis, Y., &Lucas, R. E. (2008). Lags and leads in life satisfaction: A test of the baseline hypothesis. The Economic Journal, 118(529), F222-F243.
We look for evidence of habituation in twenty waves of German panel data: do individuals tend to return to some baseline level of well‐being after life and labour market events? Although the strongest life satisfaction effect is often at the time of the event, we find significant lag and lead effects. We cannot reject the hypothesis of complete adaptation to marriage, divorce, widowhood, birth of...



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