Abstract
The paper examined the effect of the pandemic outbreak of COVID-19 on the cognitive and affective components of subjective well-being (SWB) over time in Israel. Just before the first verified patient, we ran a survey of the general population that included questions concerning both components of SWB, self-rated health, income satisfaction, and other socio-demographic aspects. The same survey among different respondents from the same population during the lockdown period when no exit strategy had been conveyed, and for the third time when the exit strategy was publicized and began to be implemented. The findings show that the cognitive component of SWB, as measured by Cantril's Ladder, remained stable over the long term. The average respondent reported unchanged life evaluation even when the individual's negative feelings rose by 52%, and positive feelings fell by 16%. We show evidence for a structural change in the weighting of feelings and self-rated health in life satisfaction function.