TESTING FOR UTILITY INTERDEPENDENCE IN MARRIAGE: EVIDENCE FROM PANEL DATA

Nattavudh Powdthavee

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: 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)
Pages: 44 pages
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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https://warwick.ac.uk/fac/soc/economics/research/workingpapers/2008/twerp705.pdf

Related works:
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:wrk:warwec:705

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