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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/20251| Title: | Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects |
| Keywords: | I31 C25 C23 J19 ddc:330 ordered probit model error components German Socio-Economic Panel Lebensqualität Familie Familiensoziologie Probit-Modell Schätzung Deutschland |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | 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. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20251 |
| Other Identifiers: | http://hdl.handle.net/10419/20251 ppn:378959557 |
| Appears in Collections: | EconStor |
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