Issues in the estimation of dynamic happiness models: A comment on "does childhood predict adult life satisfaction?"
This paper offers methodological comments on a recent (November 2014) Economic Journal article. The comments consider its use of a dynamic model - the inclusion of a lagged dependent variable - and its approach to estimation. By way of critique, the authors highlight general issues regarding dynamic panel analysis that are still less fully appreciated in the economics of happiness literature than elsewhere in economics and other quantitative social sciences. This discussion of methodological issues arising from dynamic estimation may be of practical assistance to researchers new to the field and/or to dynamic modelling.
Volume (Year): 10 (2016)
Issue (Month): ()
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- Richard Layard & Andrew E. Clark & Francesca Cornaglia & Nattavudh Powdthavee & James Vernoit, 2014.
"What Predicts a Successful Life? A Life‐course Model of Well‐being,"
Royal Economic Society, vol. 124(580), pages 720-738, November.
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- Richard Layard & Andrew Clark & Francesca Cornaglia & Nattavudh Powdthavee & James Vernoit, 2013. "What predicts a successful life? A life-course model of well-being," Sciences Po publications 2013-16, Sciences Po.
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- Layard, Richard & Clark, Andrew E. & Cornaglia, Francesca & Powdthavee, Nattavudh & Vernoit, James, 2013. "What Predicts a Successful Life? A Life-Course Model of Well-Being," IZA Discussion Papers 7682, Institute for the Study of Labor (IZA).
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- Michael Clemens & Steven Radelet & Rikhil Bhavnani, 2004. "Counting Chickens When They Hatch: The Short-term Effect of Aid on Growth," Working Papers 44, Center for Global Development.
- Paul Frijters & David W. Johnston & Michael A. Shields, 2014. "Does Childhood Predict Adult Life Satisfaction? Evidence from British Cohort Surveys," Economic Journal, Royal Economic Society, vol. 124(580), pages 688-719, November. Full references (including those not matched with items on IDEAS)
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