| 英文摘要 |
This study adopts 2007–2020 longitudinal data surveyed from the Panel Study of Family Dynamics Database to examine well-being gaps across socioeconomic status. The well-being discussed here are happiness as well as satisfactions on health, job and family life. We used a mixed model to predict the well-being magnitude with which an individual deviated from others permanently, and adopted seemingly unrelated regressions equations to identify the effects of socioeconomic status on well-being. Our empirical findings show that those with lower-than-average education would experience inferior well-being in all aspects. An individual’s extra (or discount) education premium is positively associated with his well-being. Additionally, the tough revenue situations for those with low-socioeconomic status may arise from their higher hazard ratio of labor-force withdrawal. Since permanent earnings status would affect one’s well-being, we also find that an individual’s happiness variation before the age of 55 is largely attributable to job satisfaction. |