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Testing for utility inderdependence in marriage: evidence from panel data

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Powdthavee, Nattavudh (2004) Testing for utility inderdependence in marriage: evidence from panel data. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.705).

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Abstract

This 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.

Item Type: Working or Discussion Paper (Working Paper)
Subjects: H Social Sciences > HQ The family. Marriage. Woman
Divisions: Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH): Marriage -- Psychological aspects, Utility theory, Panel analysis, Well-being, Happiness
Series Name: Warwick economic research papers
Publisher: University of Warwick, Department of Economics
Place of Publication: Coventry
Official Date: April 2004
Dates:
DateEvent
April 2004Published
Number: No.705
Number of Pages: 44
Status: Not Peer Reviewed
Access rights to Published version: Open Access

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