EconPapers    
Economics at your fingertips  
 

Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects

Rainer Winkelmann ()

No 1016, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: The previous literature on the determinants of individual well-being has failed to fully account for the interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that allows to identify the intrafamily correlation in well-being. The parameters of the model can be estimated with panel data using Maximum Marginal Likelihood. The approach is illustrated in an application using panel data for the period 1984-1997 from the German Socio-Economic Panel in which both inter-generational and intra-marriage correlations in well-being are estimated.

Keywords: error components; German Socio-Economic Panel; ordered probit model (search for similar items in EconPapers)
JEL-codes: C23 C25 I31 J19 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu
Date: 2004-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17) Track citations by RSS feed

Published in: Empirical Economics, 2005, 30 (3), 749-761

Downloads: (external link)
http://ftp.iza.org/dp1016.pdf (application/pdf)

Related works:
Journal Article: Subjective well-being and the family: Results from an ordered probit model with multiple random effects (2005) Downloads
Working Paper: Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects (2004) Downloads
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:iza:izadps:dp1016

Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany

Access Statistics for this paper

More papers in IZA Discussion Papers from Institute of Labor Economics (IZA) IZA, P.O. Box 7240, D-53072 Bonn, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Holger Hinte ().

 
Page updated 2019-09-16
Handle: RePEc:iza:izadps:dp1016