• DOI:10.1016/J.JOEP.2017.01.002
Corpus ID: 53412670

Dynamics of adolescents’ life satisfaction and effect of class rank percentile: Evidence from Korean panel data

@article{Kim2017DynamicsOA,
  title={Dynamics of adolescents’ life satisfaction and effect of class rank percentile: Evidence from Korean panel data},
  author={Bokyung Kim and Jinook Jeong},
  journal={Journal of Economic Psychology},
  year={2017},
  volume={59},
  pages={8-28}
}

Bokyung Kim, Jinook Jeong

Published 2017

Psychology

Journal of Economic Psychology

This study investigates the dynamics of adolescents’ life satisfaction and the effects of academic success on life satisfaction using the Korean Youth Panel Survey (KYPS) 2003–2007 data. Unlike previous studies, our dynamic ordered probit models allow for persistence in life satisfaction which is attributable both to unobserved individual heterogeneity and to state dependence. First, we find that strong state dependence exists in adolescents’ life satisfaction, that is, current life… CONTINUE READING

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