Testing for Utility Interdependence in Marriage: Evidence from Panel Data
Nattavudh Powdthavee ()
Labor and Demography from University Library of Munich, Germany
This paper is the first of its kind to study utility interdependence in marriage using information on subjective well-being of a large sample of people living in the UK over the period 1991-2001. Using “residual” self-rated health to provide instrument for spouse’s well-being and allowing controls on individual fixed effects, we find strong evidence of altruism represented by interdependent relationships in the reported well-being found only among spouses, and not by partners in cohabiting union. Panel data also show that the well-being impact resulting from “caring” can be used to predict future income, unemployment, and marital status for the individuals.
Keywords: happiness; altruism; marriage; interdependent utility (search for similar items in EconPapers)
JEL-codes: D64 J12 (search for similar items in EconPapers)
Date: 2004-03-31, Revised 2004-04-01
Note: Type of Document - pdf; pages: 43
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Working Paper: Testing for Utility Interdependence in Marriage: Evidence from Panel Data (2004)
Working Paper: TESTING FOR UTILITY INTERDEPENDENCE IN MARRIAGE: EVIDENCE FROM PANEL DATA (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpla:0403037
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