Do Happier Britons Have More Income?
Metadata only
Datum
2013-09Typ
- Working Paper
ETH Bibliographie
yes
Altmetrics
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. Mehr anzeigen
Publikationsstatus
publishedZeitschrift / Serie
Working Paper SeriesBand
Verlag
Centre for Competitive Advantage in the Global Economy (CAGE)Organisationseinheit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
03988 - Köthenbürger, Marko / Köthenbürger, Marko
ETH Bibliographie
yes
Altmetrics