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This paper investigates the relationship between income satisfaction of adult children and their relative economic status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that children appear to compare their actual economic status with...
Persistent link: https://www.econbiz.de/10003894168
estimation in particular has favorable properties in this setting compared to the two-step GMM procedure, which is demonstrated … in a Monte Carlo experiment. The proposed method is applied to the estimation of a cigarette demand function …
Persistent link: https://www.econbiz.de/10003459712
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...
Persistent link: https://www.econbiz.de/10002202970
Persistent link: https://www.econbiz.de/10001979869
Persistent link: https://www.econbiz.de/10001978121
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...
Persistent link: https://www.econbiz.de/10010315474
This paper investigates the relationship between income satisfaction of adult children and their relative economic status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that children appear to compare their actual economic status with...
Persistent link: https://www.econbiz.de/10010315482