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.

Language
Englisch

Bibliographic citation
Series: IZA Discussion Papers ; No. 1016

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

Event
Geistige Schöpfung
(who)
Winkelmann, Rainer
Event
Veröffentlichung
(who)
Institute for the Study of Labor (IZA)
(where)
Bonn
(when)
2004

Handle
Last update
20.09.2024, 8:22 AM CEST

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Winkelmann, Rainer
  • Institute for the Study of Labor (IZA)

Time of origin

  • 2004

Other Objects (12)