The article takes a closer look at the relations between physical activity,
health and subjective well-being. At the outset of the article the literat
ure is reviewed, and some of the shortcomings in this field of research are
pointed out. Intending to avoid some of these, the empirical study then pr
oceeds. It is concluded that physical activity has a notable effect on subj
ective well-being. This effect, however, primarily works through variable h
ealth, indicating an indirect effect. In other words, the findings indicate
that physical activity affects health, which in turn affects subjective we
ll-being. Furthermore, some interesting interaction effects are reported in
the study that have not previously been explored in the literature.