%0 Report
        %A Winkelmann, Rainer
        %T Subjective Well-Being and the Family: Results from an Ordered Probit Model with Multiple Random Effects
        %D 2004
        %8 2004 Feb
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 1016
        %U https://www.iza.org/publications/dp1016
        %X The previous literature on the determinants of individual well-being has failed to fully account for the interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that allows to identify the intrafamily correlation in
well-being. The parameters of the model can be estimated with panel data using Maximum Marginal Likelihood. The approach is illustrated in an application using panel data for the
period 1984-1997 from the German Socio-Economic Panel in which both inter-generational and intra-marriage correlations in well-being are estimated.
        %K error components
%K German Socio-Economic Panel
%K ordered probit model