Self-Selection and Subjective Well-Being: Copula Models with an Application to Public and Private Sector Work

Arbeitspapier

We discuss a new approach to specifying and estimating ordered probit models with endogenous switching, or with binary endogenous regressor, based on copula functions. These models provide a framework of analysis for self-selection in economic well-being equations, where assigment of regressors may be choice based, resulting from well-being maximization, rather than random. In an application to public and private sector job satisfaction, and using data on male workers from the German Socio-Economic Panel, we find that a model based on Frank's copula is preferred over two alternative models with independence and normal copula, respectively. The results suggest that public sector workers are negatively selected.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: SOEPpapers on Multidisciplinary Panel Data Research ; No. 135

Klassifikation und Themen

• Klassifikation: Wirtschaft ; General Welfare; Well-Being ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
• Thema: Ordered probit ; switching regression ; Frank copula ; job satisfaction ; German Socio-Economic Panel

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Luechinger, Simon ; Stutzer, Alois ; Winkelmann, Rainer
• Ereignis: Veröffentlichung
• (wer): Deutsches Institut für Wirtschaftsforschung (DIW)
• (wo): Berlin
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/150683
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ