Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects
Copyright policy )Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects
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.
- University of Zurich Switzerland
- EIDGENOESSISCHE TECHNISCHE HOCHSCHULE ZUERICH Switzerland
- Institute for the Study of Labor Germany
- University of Zurich
- University of Zurich
error components, 3301 Social Sciences (miscellaneous), ordered probit model, error components, german socio-economic panel, 2002 Economics and Econometrics, 10007 Department of Economics, 2601 Mathematics (miscellaneous), SOI Socioeconomic Institute (former), I31, 2613 Statistics and Probability, Deutschland, German Socio-Economic Panel, Lebensqualität, ddc:330, ordered probit model, J19, 330 Economics, Probit-Modell, Familie, Familiensoziologie, C25, Schätzung, C23, jel: jel:C23, jel: jel:C25, jel: jel:I31, jel: jel:J19
error components, 3301 Social Sciences (miscellaneous), ordered probit model, error components, german socio-economic panel, 2002 Economics and Econometrics, 10007 Department of Economics, 2601 Mathematics (miscellaneous), SOI Socioeconomic Institute (former), I31, 2613 Statistics and Probability, Deutschland, German Socio-Economic Panel, Lebensqualität, ddc:330, ordered probit model, J19, 330 Economics, Probit-Modell, Familie, Familiensoziologie, C25, Schätzung, C23, jel: jel:C23, jel: jel:C25, jel: jel:I31, jel: jel:J19
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).71 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!