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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Specification and estimation of rating scale models - with an application to the determinants of life satisfaction
Organization Unit
Authors
  • Raphael Studer
  • Rainer Winkelmann
Language
  • English
Institution University of Zurich
Series Name Working paper series / Department of Economics
Number No. 03
ISSN 1664-7041 (P) 1664-705X (E)
Number of Pages 19
Date 2011
Abstract Text This article proposes a new class of rating scale models, which merges advantages and overcomes shortcomings of the traditional linear and ordered latent regression models. Both parametric and semi-parametric estimation is considered. The insights of an empirical application to satisfaction data are threefold. First, the methods are easily implementable in standard statistical software. Second, the non-linear model allows for flexible marginal effects, and predicted means respect the boundaries of the dependent variable. Third, average marginal effects are similar to ordinary least squares estimates.
Official URL http://www.econ.uzh.ch/static/wp/econwp003.pdf
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Keywords Rating variables, non-linear least squares, quasi-maximum likelihood, semiparametric least squares, subjective well-being, Schätzskala,, Zufriedenheit, Methode der kleinsten Quadrate