Subjective well-being and the family: Results from an ordered probit model with multiple random effects

Arbeitspapier

The previous literature on the determinants of individual well-being has failed to fully account for the interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that allows to identify the intrafamily correlation in well-being. The parameters of the model can be estimated with panel data using Maximum Marginal Likelihood. The approach is illustrated in an application using panel data for the period 1984-1997 from the German Socio-Economic Panel in which both inter-generational and intra-marriage correlations in well-being are estimated.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 0204

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models ; Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities ; General Welfare; Well-Being ; Demographic Economics: Other
• Thema: ordered probit model ; error components ; German Socio-Economic Panel ; Lebensqualität ; Familie ; Familiensoziologie ; Schätzung ; Deutschland ; Probit-Modell

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Winkelmann, Rainer
• Ereignis: Veröffentlichung
• (wer): University of Zurich, Socioeconomic Institute
• (wo): Zurich
• (wann): 2004

Weitere Informationen

• Handle: http://hdl.handle.net/10419/76242
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ