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 … probability effects by design, and therefore limit the analysis of distributional aspects of a change in income, that is, the … study of whether the income effect depend on a person’s happiness. In this paper we pinpoint the shortcomings of standard …
