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Determinants of Self-Reported Financial Security for Oklahoma County Households – An Application of Multiple Imputation

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  • David A. Penn

Abstract

Economists are giving more attention to the issue of subjective well-being. A recent study of households in West Virginia treats subjective well-being in a quality of life context (Bukenya 2003) in rural areas. Wolfers (2003) examines business cycle volatility and subjective well-being, while McBride (2001) models relative-income effects on subjective well-being. A recent study (Praag 2002) considers financial situation as a domain of well-being, along with health, employment, leisure, housing, and environment. This study examines the factors that determine financial well-being for households in Oklahoma County, Oklahoma. The study is motivated by the availability of extensive household-level data for a six year period for Oklahoma County.

Suggested Citation

  • David A. Penn, 2005. "Determinants of Self-Reported Financial Security for Oklahoma County Households – An Application of Multiple Imputation," Working Papers 200504, Middle Tennessee State University, Department of Economics and Finance.
    • Handle: RePEc:mts:wpaper:200504
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    File URL: http://capone.mtsu.edu/berc/working/Aprilobb.2005.pdf
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    References listed on IDEAS

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    1. Justin Wolfers, 2003. "Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Well‐Being," International Finance, Wiley Blackwell, vol. 6(1), pages 1-26, March.
    2. Adam Davey & Michael J. Shanahan & Joseph L. Schafer, 2001. "Correcting for Selective Nonresponse in the National Longitudinal Survey of Youth Using Multiple Imputation," Journal of Human Resources, University of Wisconsin Press, vol. 36(3), pages 500-519.
    3. McBride, Michael, 2001. "Relative-income effects on subjective well-being in the cross-section," Journal of Economic Behavior & Organization, Elsevier, vol. 45(3), pages 251-278, July.
    4. Hollander, Heinz, 2001. "On the validity of utility statements: standard theory versus Duesenberry's," Journal of Economic Behavior & Organization, Elsevier, vol. 45(3), pages 227-249, July.
    5. James O. Bukenya & Tesfa G. Gebremedhin & Peter V. Schaeffer, 2003. "Analysis of Quality of Life and Rural Development: Evidence from West Virginia Data," Growth and Change, Wiley Blackwell, vol. 34(2), pages 202-218, June.
    6. van Praag, B. M. S. & Frijters, P. & Ferrer-i-Carbonell, A., 2003. "The anatomy of subjective well-being," Journal of Economic Behavior & Organization, Elsevier, vol. 51(1), pages 29-49, May.
    7. Easterlin, Richard A., 2001. "Subjective well-being and economic analysis: a brief introduction," Journal of Economic Behavior & Organization, Elsevier, vol. 45(3), pages 225-226, July.
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    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics

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