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How important is methodology for the estimates of the determinants of happiness

Ferrer-i-Carbonell, Ada & Frijters, Paul (2004) How important is methodology for the estimates of the determinants of happiness. The Economic Journal, 114(497), pp. 641-659.

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Abstract

Psychologists and sociologists usually interpret happiness scores as cardinal and comparable across respondents, and thus run OLS regressions on happiness and changes in happiness. Economists usually assume only ordinality and have mainly used ordered latent response models, thereby not taking satisfactory account of fixed individual traits. We address this problem by developing a conditional estimator for the fixed-effect ordered logit model. We find that assuming ordinality or cardinality of happiness scores makes little difference, whilst allowing for fixed-effects does change results substantially. We call for more research into the determinants of the personality traits making up these fixed-effects.

Impact and interest:

474 citations in Scopus
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363 citations in Web of Science®

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1,104 since deposited on 24 Feb 2006
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ID Code: 3617
Item Type: Journal Article
Keywords: happniess, well, being, panel data, ordinal models
DOI: 10.1111/j.1468-0297.2004.00235.x
ISSN: 0013-0133
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2004 Blackwell Publishing
Copyright Statement: The definitive version is available at www.blackwell-synergy.com
Deposited On: 24 Feb 2006
Last Modified: 29 Feb 2012 23:19

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