Testing For Utility Interdependence In Marriage : Evidence From Panel Data
AbstractThis paper is the first of its kind to study utility interdependence in marriage using information on subjective well-being of a large sample of people living in the UK over the period 1991-2001. Using “residual” self-rated health to provide instrument for spouse’s well-being and allowing controls on individual fixed effects, we find strong evidence of altruism represented by interdependent relationships in the reported well-being found only among spouses, and not by partners in cohabiting union. Panel data also show that the well-being impact resulting from “caring” can be used to predict future income, unemployment, and marital status for the individuals.
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Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 705.
Length: 44 pages
Date of creation: 2004
Date of revision:
happiness ; altruism ; marriage ; interdependent utility;
Other versions of this item:
- Nattavudh Powdthavee, 2004. "Testing for Utility Interdependence in Marriage: Evidence from Panel Data," Labor and Demography 0403037, EconWPA, revised 01 Apr 2004.
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
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