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
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Englisch
- Bibliographic citation
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Series: IZA Discussion Papers ; No. 1016
- Classification
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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
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ordered probit model
error components
German Socio-Economic Panel
Lebensqualität
Familie
Familiensoziologie
Probit-Modell
Schätzung
Deutschland
- Event
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Geistige Schöpfung
- (who)
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Winkelmann, Rainer
- Event
-
Veröffentlichung
- (who)
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Institute for the Study of Labor (IZA)
- (where)
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Bonn
- (when)
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2004
- Handle
- Last update
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20.09.2024, 8:22 AM CEST
Data provider
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