A structural model of well-being : with an application to German Data

@inproceedings{Praag2000ASM,
  title={A structural model of well-being : with an application to German Data},
  author={B. M. S. van Praag and Paul Frijters and Ada Ferrer-i-Carbonell},
  year={2000}
}
In this paper we attempt to explain individual, ordinally comparable, satisfaction levels. We postulate a simultaneous equation model where general satisfaction is explained by exogenous shock and level variables, and by the values of the satisfactions with respect to six distinct endogenous domains of life. Taking into account that these satisfactions were categorically measured and allowing for individual effects, the model was estimated on six consecutive waves of the German SocioEconomic… CONTINUE READING