Financial Well-Being in an Urban Area: An Application of Multiple Imputation
AbstractA growing number of studies investigate the determinants of happiness, or subjective well-being. Few, however, specifically examine the financial aspects of subjective well-being. This study estimates the determinants of subjective financial wellbeing (SWB) for a city in the American Southwest. The results show that income, health insurance, home ownership, and children at home have significant impacts on financial well-being. Missing survey values are estimated using multiple imputation; model results with and without imputed data are compared. Estimates from the complete case model show bias compared with the multiple imputation model. Home ownership and children at home are important predictors of financial well-being in the multiple imputation model but not the complete cases model.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Middle Tennessee State University, Department of Economics and Finance in its series Working Papers with number 200708.
Date of creation: Jun 2007
Date of revision:
Contact details of provider:
Web page: http://www.mtsu.edu/~berc/working/Economics_Working_Papers.html
More information through EDIRC
subjective well-being; financial well-being; multiple imputation;
Other versions of this item:
- David Penn, 2009. "Financial well-being in an urban area: an application of multiple imputation," Applied Economics, Taylor & Francis Journals, vol. 41(23), pages 2955-2964.
- A10 - General Economics and Teaching - - General Economics - - - General
- C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-06-18 (All new papers)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Maksim Belitski & Julia Korosteleva, 2011. "Entrepreneurial activity across European cities," ERSA conference papers ersa10p1646, European Regional Science Association.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (E. Anthon Eff).
If references are entirely missing, you can add them using this form.