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dc.contributor.author
Hammond, Peter J.
dc.contributor.author
Liberini, Federica
dc.contributor.author
Proto, Eugenio
dc.date.accessioned
2017-06-11T04:34:55Z
dc.date.available
2017-06-11T04:34:55Z
dc.date.issued
2013-09
dc.identifier.uri
http://hdl.handle.net/20.500.11850/80118
dc.description.abstract
Using British Household Panel Survey data, for subjects not reporting the highest permitted satisfaction level, we show that the conditional income distribution given a higher reported level of life satisfaction rst-order stochastically dominates the corresponding conditional distribution given any lower satisfaction level. Subjects reporting the highest satisfaction level, however, have an income distribution dominated by distributions for some less satis ed individuals. Interestingly, this \top anomaly" is undetectable by standard ordered probit analysis. An alternative binary probit model for reporting maximal satisfaction suggests a possible explanation: more educated subjects not only tend to have higher income, but are also less likely to report maximal satisfaction.
dc.language.iso
en
dc.publisher
Centre for Competitive Advantage in the Global Economy (CAGE)
dc.title
Do Happier Britons Have More Income?
dc.type
Working Paper
ethz.title.subtitle
First-Order Stochastic Dominance Relations
ethz.journal.title
Working Paper Series
ethz.journal.volume
165
ethz.size
16 p.
ethz.notes
.
ethz.publication.status
published
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03988 - Köthenbürger, Marko / Köthenbürger, Marko
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03988 - Köthenbürger, Marko / Köthenbürger, Marko
ethz.date.deposited
2017-06-11T04:35:16Z
ethz.source
ECIT
ethz.identifier.importid
imp59365197f1cff50714
ethz.ecitpid
pub:125575
ethz.eth
yes
ethz.availability
Metadata only
ethz.rosetta.installDate
2017-07-15T07:55:01Z
ethz.rosetta.lastUpdated
2017-07-15T07:55:01Z
ethz.rosetta.exportRequired
true
ethz.rosetta.versionExported
true
ethz.COinS
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