Financial Well-Being in an Urban Area: An Application of Multiple Imputation

David Penn ()

No 200708, Working Papers from Middle Tennessee State University, Department of Economics and Finance

Abstract: A growing number of studies investigate the determinants of happiness, or subjective well-being. Few, however, specifically examine the financial aspects of subjective well-being. This study estimates the determinants of subjective financial wellbeing (SWB) for a city in the American Southwest. The results show that income, health insurance, home ownership, and children at home have significant impacts on financial well-being. Missing survey values are estimated using multiple imputation; model results with and without imputed data are compared. Estimates from the complete case model show bias compared with the multiple imputation model. Home ownership and children at home are important predictors of financial well-being in the multiple imputation model but not the complete cases model.

Keywords: subjective well-being; financial well-being; multiple imputation (search for similar items in EconPapers)
JEL-codes: A10 C42 (search for similar items in EconPapers)
Date: 2007-06
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://capone.mtsu.edu/berc/working/appliedeconomics4.pdf (application/pdf)

Related works:
Journal Article: Financial well-being in an urban area: an application of multiple imputation (2009)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mts:wpaper:200708

Access Statistics for this paper

More papers in Working Papers from Middle Tennessee State University, Department of Economics and Finance Contact information at EDIRC.
Bibliographic data for series maintained by Benjamin Jansen ().