Heterogeneity in the relationship between subjective well-being and its determinants over the life cycle: A varying-coefficient ordered probit approach

doi:10.1016/j.econmod.2015.05.007

淡江大學機構典藏 > 商管學院 > 經濟學系暨研究所 > 期刊論文 > Item 987654321/103201

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题名:	Heterogeneity in the relationship between subjective well-being and its determinants over the life cycle: A varying-coefficient ordered probit approach
作者:	Lin, Yi-Chen;Hwang, Ruey-Ching;Deng, Wen-Shuenn
贡献者:	淡江大學經濟學系
关键词:	Subjective well-being;Happiness;Aging;Semiparametric method;Varying-coefficient model;Ordered probit model
日期:	2015-09
上传时间:	2015-05-23 15:21:27 (UTC+8)
出版者:	Elsevier BV
摘要:	We examine the evolution of the mechanism behind subjective well-being (SWB) across the lifespan using data from the 1972–2010 waves of the U.S. General Social Survey. By estimating a semiparametric varying-coefficient partially linear ordered probit model, we find that the influence of race, income, reference income, labor market status, marriage, and number of children on SWB varies greatly and nonlinearly along the life cycle. Among our results, we find that the effect of being black on the representative male's probability of being in the lowest happiness category falls from 9.399 percentage points (pps) at age 29 to 1.709 pps at age 55, turning insignificant afterwards. Being unemployed is associated with an increase in the representative male's probability of being in the lowest happiness category by 6.322 to 15.896 pps, with the largest effect occurring at age 40. The varying-coefficient model enhances our understanding of when life events are most detrimental to a person's well-being. The heterogeneity found highlights that, in order to promote well-being effectively, public policies should be differentiated across people depending on their age.
關聯:	Economic Modelling 49, p.372-386
DOI:	10.1016/j.econmod.2015.05.007
显示于类别:	[統計學系暨研究所] 期刊論文 [經濟學系暨研究所] 期刊論文

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