Table 5.

Contribution of traits, capabilities, choices and events to explaining well-being according to five random effects GLS models in Germany and Britain (R-squares)

	Germany 1984–2008 (GSOEP)					Britain 1991–2008 (BHPS)a
	MI	MII	MIII	MIV	MV	MI	MII	MIII	MIV	MV
	BL	TR	CA	TR + CA	CA + CH	BL	TR	CA	TR + CA	CA + CH
Life satisfaction (SWB)	0.05	0.10	0.12	0.15	0.19	0.03	0.12	0.11	0.17	0.20
Income security	0.12	0.13	0.17	0.18	0.23	0.21	0.22	0.29	0.29	0.33
Employment security	0.27	0.28	0.33	0.33	0.55	0.18	0.18	0.28	0.28	0.45

Source: GSOEP, 1984–2008; BHPS, 1991–2008

MI–MV model I to model V, BL baseline, TR traits, CA capabilities, CH choices and events

^aLife satisfaction is asked from 1996 on in the BHPS