Arbeitspapier
Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 1016
- Klassifikation
-
Wirtschaft
General Welfare; Well-Being
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Demographic Economics: Other
- Thema
-
ordered probit model
error components
German Socio-Economic Panel
Lebensqualität
Familie
Familiensoziologie
Probit-Modell
Schätzung
Deutschland
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Winkelmann, Rainer
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for the Study of Labor (IZA)
- (wo)
-
Bonn
- (wann)
-
2004
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Winkelmann, Rainer
- Institute for the Study of Labor (IZA)
Entstanden
- 2004
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