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Income and happiness : new results from generalized threshold and sequential models
Boes, Stefan (contributor); Winkelmann, Rainer (contributor) - 2004 - [Elektronische Ressource]
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
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Count data models with unobserved heterogeneity : an empirical likelihood approach
Boes, Stefan (contributor) - 2007
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
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Relative status and satisfaction
Boes, Stefan; Staub, Kevin E.; Winkelmann, Rainer - 2008
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
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Income and happiness: New results from generalized threshold and sequential models
Boes, Stefan; Winkelmann, Rainer - 2004
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
Cover Image
Relative status and satisfaction
Boes, Stefan; Staub, Kevin E.; Winkelmann, Rainer - 2008
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