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dc.contributor.authorWinkelmann, Raineren
dc.contributor.authorBoes, Stefanen
dc.date.accessioned2009-01-28T16:13:56Z-
dc.date.available2009-01-28T16:13:56Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/20415-
dc.description.abstractEmpirical studies on the relationship between income and happiness commonly use standardordered response models, the most well-known representatives being the ordered logit andthe 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, thestudy of whether the income effect depend on a person's happiness. In this paper wepinpoint the shortcomings of standard models and propose two alternatives, namelygeneralized 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 differentmarginal probability effects than standard models.en
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x1175en
dc.subject.jelI31en
dc.subject.jelC25en
dc.subject.ddc330en
dc.subject.keywordordered response modelsen
dc.subject.keywordmarginal effectsen
dc.subject.keywordsubjective well-beingen
dc.subject.stwEinkommenen
dc.subject.stwLebensqualitäten
dc.subject.stwLebensstandarden
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.subject.stwLebenszufriedenheiten
dc.titleIncome and Happiness : New Results from Generalized Threshold and Sequential Models-
dc.typeWorking Paperen
dc.identifier.ppn389180742en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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