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Type	Working Paper
Scope	Discipline-based scholarship
Title	Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects
Organization Unit	Statistics and Empirical Economic Research (Rainer Winkelmann)
Authors	Rainer Winkelmann
Language	English
Institution	University of Zurich
Series Name	Working paper series / Socioeconomic Institute
Number	No. 204
Date	2004
Abstract Text	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.
Official URL	http://www.econ.uzh.ch/wp.html
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