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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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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
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) | ||||
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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: |
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Number: | No.705 | ||||
Number of Pages: | 44 | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
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