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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 0204

Classification and Topics

• Classification: 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
• Subject: ordered probit model ; error components ; German Socio-Economic Panel ; Lebensqualität ; Familie ; Familiensoziologie ; Schätzung ; Deutschland ; Probit-Modell

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Winkelmann, Rainer
• Event: Veröffentlichung
• (who): University of Zurich, Socioeconomic Institute
• (where): Zurich
• (when): 2004

Further information

• Handle: http://hdl.handle.net/10419/76242
• Last update: 10.03.2025, 11:42 AM CET