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https://hdl.handle.net/10419/20415
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Winkelmann, Rainer | en |
dc.contributor.author | Boes, Stefan | en |
dc.date.accessioned | 2009-01-28T16:13:56Z | - |
dc.date.available | 2009-01-28T16:13:56Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | http://hdl.handle.net/10419/20415 | - |
dc.description.abstract | Empirical 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.iso | eng | en |
dc.publisher | |aInstitute for the Study of Labor (IZA) |cBonn | en |
dc.relation.ispartofseries | |aIZA Discussion Papers |x1175 | en |
dc.subject.jel | I31 | en |
dc.subject.jel | C25 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | ordered response models | en |
dc.subject.keyword | marginal effects | en |
dc.subject.keyword | subjective well-being | en |
dc.subject.stw | Einkommen | en |
dc.subject.stw | Lebensqualität | en |
dc.subject.stw | Lebensstandard | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Deutschland | en |
dc.subject.stw | Lebenszufriedenheit | en |
dc.title | Income and Happiness : New Results from Generalized Threshold and Sequential Models | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 389180742 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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