Asymmetric affective forecasting errors and their correlation with subjective well-being.

On the one hand, there is weakly significant (0.1 < p < 0.05) evidence that the “satisfaction treadmill” is at work for income expectations, as there is a positive correlation between higher life satisfaction expectations and surpassing their income expectations, but not vice-versa (without controls: β 1 2 = 0.013, p > 0.1 and β 2 2 = 0.206, 0.1 < p < 0.05; with controls: β 1 2 = 0.024, p > 0.1 and β 2 2 = 0.197, 0.1 < p < 0.05).

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