Robust Ranking of Happiness Outcomes: A Median Regression Perspective

Le-Yu Chen, Ekaterina Oparina, Nattavudh Powdthavee and Sorawoot Srisuma

Journal of Economic Behavior & Organization, 2022, vol. 200, issue C, 672-686

Abstract: Ordered probit and logit models have been frequently used to estimate the mean ranking of happiness outcomes (and other ordinal data) across groups. However, it has been recently highlighted that such ranking may not be identified in most happiness applications. We suggest researchers focus on median comparison instead of the mean. This is because the median rank can be identified even if the mean rank is not. Furthermore, median ranks in probit and logit models can be readily estimated using standard statistical softwares. The median ranking, as well as ranking for other quantiles, can also be estimated semiparametrically and we provide a new constrained mixed integer optimization procedure for implementation. We apply it to estimate a happiness equation using General Social Survey data of the US.

Keywords: Median regression; mixed integer optimization; ordered-response model; quantile regression; subjective well-being (search for similar items in EconPapers)
JEL-codes: C25 C61 I31 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (7)

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Working Paper: Robust Ranking of Happiness Outcomes: A Median Regression Perspective (2022)
Working Paper: Robust ranking of happiness outcomes: a median regression perspective (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:200:y:2022:i:c:p:672-686

DOI: 10.1016/j.jebo.2022.06.010

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