| dc.creator | Winkelmann, Rainer | |
| dc.creator | Boes, Stefan | |
| dc.date | 2004 | |
| dc.date.accessioned | 2013-10-16T07:10:25Z | |
| dc.date.available | 2013-10-16T07:10:25Z | |
| dc.date.issued | 2013-10-16 | |
| dc.identifier | http://hdl.handle.net/10419/20415 | |
| dc.identifier | ppn:389180742 | |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/20415 | |
| dc.description | Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the most well-known representatives being the ordered logit and the ordered probit. However, these models restrict the marginal probability effects by design, and therefore limit the analysis of distributional aspects of a change in income, that is, the study of whether the income effect depend on a person's happiness. In this paper we pinpoint the shortcomings of standard models and propose two alternatives, namely generalized threshold and sequential models. With data of two waves of the German Socio- Economic Panel, 1984 and 1997, we show that the more general models yield different marginal probability effects than standard models. | |
| dc.language | eng | |
| dc.publisher | ||
| dc.relation | IZA Discussion paper series 1175 | |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | |
| dc.subject | I31 | |
| dc.subject | C25 | |
| dc.subject | ddc:330 | |
| dc.subject | ordered response models | |
| dc.subject | marginal effects | |
| dc.subject | subjective well-being | |
| dc.subject | Einkommen | |
| dc.subject | Lebensqualität | |
| dc.subject | Lebensstandard | |
| dc.subject | Schätzung | |
| dc.subject | Deutschland | |
| dc.subject | Lebenszufriedenheit | |
| dc.title | Income and Happiness : New Results from Generalized Threshold and Sequential Models | |
| dc.type | doc-type:workingPaper |
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