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IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/20415
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Winkelmann, Rainer | | en_US |
| dc.contributor.author | | Boes, Stefan | | en_US |
| dc.date.accessioned | | 2009-01-28T16:13:56Z | | - |
| dc.date.available | | 2009-01-28T16:13:56Z | | - |
| dc.date.issued | | 2004 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/20415 | | - |
| dc.description.abstract | | Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the most well-known representatives being the ordered logit and the ordered probit. However, these models restrict the marginal probability effects by design, and therefore limit the analysis of distributional aspects of a change in income, that is, the study of whether the income effect depend on a person's happiness. In this paper we pinpoint the shortcomings of standard models and propose two alternatives, namely generalized threshold and sequential models. With data of two waves of the German Socio- Economic Panel, 1984 and 1997, we show that the more general models yield different marginal probability effects than standard models. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | | | en_US |
| dc.relation.ispartofseries | | IZA Discussion paper series 1175 | | en_US |
| dc.subject.jel | | I31 | | en_US |
| dc.subject.jel | | C25 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | ordered response models | | en_US |
| dc.subject.keyword | | marginal effects | | en_US |
| dc.subject.keyword | | subjective well-being | | en_US |
| dc.subject.stw | | Einkommen | | en_US |
| dc.subject.stw | | Lebensqualität | | en_US |
| dc.subject.stw | | Lebensstandard | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | Deutschland | | en_US |
| dc.subject.stw | | Lebenszufriedenheit | | en_US |
| dc.title | | Income and Happiness : New Results from Generalized Threshold and Sequential Models | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 389180742 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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