Testing for utility inderdependence in marriage: evidence from panel data
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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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|
|Number of Pages:||44|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
 Akerlof, George. “A Theory of Social Custom, of Which Unemployment May Be One Consequence”, Quarterly Journal of Economics, 1980, 94, no. 4, pp. 749-75.
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