I got confuse when happiness and subjective well being has been discussed in the same paper to see the outcomes.sometimes measure happiness but report subjective well being as an outcome.how actually it works?
I do not know if this helps but here is a paper that models both happiness and satisfaction simultaneously ( and health too)
https://www.researchgate.net/publication/286409440_Investigating_the_Macro_Determinants_of_Self-Rated_Health_and_Well-Being_Using_the_European_Social_Survey_Methodological_Innovations_across_Countries_and_Time
It also feel that there is an underlying time element - are you happy now? compared to how life satisfied over a period.
Article Investigating the Macro Determinants of Self-Rated Health an...
I think that the term "Happiness" is very broad and difficult to measure. The term "Subjective well-being" is a little more specific and can be more easily broken down into a number of factors that can be measured.
I think that they are synonymous.
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