Although the statistically significant relationship between personality traits and subjective well-being (i.e., self-reported happiness and life satisfaction) is well-known in the field of positive psychology, some scholars still cast doubt on the external validity of this finding and the strength of personality dimensions vis-a-vis other…

Using data from the long-running German Socio-Economic Panel Survey (SOEP), this paper provides evidence that life goals matter substantially to subjective well-being (SWB). Non-zero sum goals, which include commitment to family, friends and social and political involvement, promote life satisfaction. Zero sum goals, including commitment to career…