The dynamics of perception: modelling subjective well-being in a short panel
We consider the neglected issue of the dynamics of perceptions, as expressed in responses to survey questions on subjective well-being. We develop a simulated ML method for estimation for dynamic linear models, where the dependent variable is partially observed through ordinal scales. This latent autoregression (LAR) model is often more appropriate than the usual state-dependence (SD) model for attitudinal and interval variables. The paper contains an application to a model of households’ perceptions of their financial well-being, demonstrating the superior fit of the LAR model to both the usual static model and the SD model.
Year of publication: |
2006-05-01
|
---|---|
Authors: | Pudney, Stephen |
Institutions: | ESRC Research Centre on Micro-Social Change, Institute for Social and Economic Research (ISER) |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Measuring poverty persistence with missing data with an application to Peruvian panel data
Diaz, Yadira, (2013)
-
Nonparametric estimation of a compensating variation: the cost of disability
Hancock, Ruth, (2013)
-
Bryan, Mark L., (2013)
- More ...