The dynamics of perception: modelling subjective wellbeing in a short panel

Stephen Pudney

Journal Of The Royal Statistical Society Series A, 2008, vol. 171, issue 1, pages 21-40

Abstract: We consider the issue of the dynamics of perceptions, as expressed in responses to survey questions on subjective wellbeing. We develop a simulated maximum likelihood method for estimation of dynamic linear models, where the dependent variable is partially observed through ordinal scales. This latent auto-regression model is often more appropriate than the usual state dependence model for attitudinal and interval variables. The paper contains an application to a model of households' perceptions of their financial wellbeing, demonstrating the superior fit of the latent auto-regression model to both the usual static model and the state dependence model. Copyright 2008 Royal Statistical Society.

Downloads: (external link)
http://www.blackwell ... 67-985X.2007.00515.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The Dynamics of Perception: Modelling subjective well-being in a short panel (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0964-1998

Access Statistics for this article

Journal Of The Royal Statistical Society Series A is edited by A. Fielding and G. Verbeke

More articles in Journal Of The Royal Statistical Society Series A from Royal Statistical Society
Series data maintained by Christopher F. Baum ().