 Remittances and subjective well-being: A static versus dynamic panel approach to happinessMduduzi Biyase, Bianca Fisher () and Marinda Pretorius Migration Letters, 2021, vol. 18, issue 6, 761-774 Abstract: Using all five waves of the National Income Dynamics Study (NIDS) panel dataset, we examine the effect of domestic remittances on the static and dynamic subjective well-being (SWB) of recipient individuals in South Africa, by using a random effects ordered probit model that accounts for individual heterogeneity. Moreover, we check the robustness of our static model results by making use of an instrumental variable for migrants’ remittances. Two major empirical findings emerge from this paper: firstly, domestic remittances are consistently found to have a positive and statistically significant impact on the happiness of recipient individuals. Moreover, this finding persists in both the static and dynamic panel models. Secondly, the coefficient on lagged SWB (derived from the dynamic model) is found to be positive and statistically significant, confirming that SWB today is significantly influenced by SWB in the past. Keywords: East Central Europe; welfare state; welfare regime; hierarchical cluster analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:mig:journl:v:18:y:2021:i:6:p:761-774 Ordering information: This journal article can be ordered from Access Statistics for this article Migration Letters is currently edited by Kittisak Jermsittiparsert More articles in Migration Letters from Migration Letters |
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