Unemployment Alters the Set Point for Life Satisfaction

@article{Lucas2004UnemploymentAT,
  title={Unemployment Alters the Set Point for Life Satisfaction},
  author={Richard E. Lucas and Andrew E. Clark and Yannis Georgellis and Ed Diener},
  journal={Psychological Science},
  year={2004},
  volume={15},
  pages={13 - 8}
}
According to set-point theories of subjective well-being, people react to events but then return to baseline levels of happiness and satisfaction over time. We tested this idea by examining reaction and adaptation to unemployment in a 15-year longitudinal study of more than 24,000 individuals living in Germany. In accordance with set-point theories, individuals reacted strongly to unemployment and then shifted back toward their baseline levels of life satisfaction. However, on average… 

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