Understanding fixed effects in human well-being

Boyce, Christopher J.

doi:10.1016/j.joep.2009.08.009

Cited by 72 publications

(66 citation statements)

References 44 publications

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“…As indicated by and Lani (2016), psychological factors, personality in particular, are also the key drivers for people's life satisfaction [71]. Similarly, Boyce (2010) suggests that these personality traits may serve to explain previously unobserved heterogeneity that might confound the effects of various explanatory variables on people's life satisfaction [72]. Therefore, the "Big Five", commonly known as the connotation of an individual's personality, is introduced into models of Equations (1) and (2).…”

Section: Variable Identificationsmentioning

confidence: 91%

Valuing Urban Landscape Using Subjective Well-Being Data: Empirical Evidence from Dalian, China

Wang

Kang

2017

Sustainability

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It has been well recognized that the urban landscape ecosystem is able to make a great contribution to the quality of life for people who live in the city and beyond, thus it can potentially accrue a significant economic value to the human well-being. However, due to its public good nature, it is difficult to monetizing its values in a systematic manner. In this paper, we attempt to assess the economic value of the urban landscape through people's life satisfaction approach utilizing a large sample of dataset complied from the general public survey in Dalian City which is one of the well-known tourism cities in China. The results indicate that most of the urban landscape attributes impose significant effects on people's life satisfaction, thus accruing a considerable amount of value to the local residents. Taking a 10-point ranking scale for the urban landscape quality as an example, the household willingness to pay on average reaches ¥24,579 per annum for one point of ranking level increase. Relative to the low level of household income, those high-income households are much keener to the changes of the landscape quality. If the urban landscape quality is disaggregated into five levels, household's marginal willingness-to-pay diminishes as the urban landscape's rank level is improved.

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Section: Variable Identificationsmentioning

confidence: 91%

Valuing Urban Landscape Using Subjective Well-Being Data: Empirical Evidence from Dalian, China

Wang

Kang

2017

Sustainability

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“…As discussed by Boyce (2010), the role of unobserved personal characteristics, such as personality traits, is crucial with a subjective dependent variable. If these factors -as captured by the term α in equation (2) -are correlated with other regressors (E( it , x it ) = 0), then a fixed effects specification would be preferred.…”

Section: Econometric Specificationsmentioning

confidence: 99%

The impact of immigration on the well-being of natives

Akay

Constant

Giulietti

2014

Journal of Economic Behavior & Organization

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E S ABSTRACTThe Impact of Immigration on the Well-Being of Natives * This paper examines the effect of immigration directly on the overall utility of natives. To the best of our knowledge, this is the first paper to explore such nexus. Combining information from the German Socio-Economic Panel dataset with detailed local labour market characteristics for the period 1997 to 2007, we investigate how changes in the spatial concentration of immigrants affect the subjective well-being of the German-born population.Our results suggest the existence of a robust, positive effect of immigration on natives' wellbeing. The presence of confounding local labour market characteristics has a negligible impact on the estimates. Furthermore, we find substantial evidence that the effect of immigration on well-being is a function of the assimilation of immigrants in the region. The effect of immigration is higher in regions with an intermediate level of economic assimilation and is essentially zero in areas where immigrants are either least or fully economically integrated. We conduct robustness checks to address the potential endogeneity between subjective well-being and immigration. Our tests indicate that natives are not crowded out by immigrants, and that the sorting of immigrants to regions with higher SWB is weak. This suggests that our main findings are not driven or strongly influenced by reverse causality or selectivity.JEL Classification: C90, J61, D63

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“…Despite the yet inconclusive discussion on the stability of the personality traits, inclusion of the measures of personality traits in the economic analysis is very important in different respects. First, personality measures are useful to control for unobserved individual heterogeneity (Boyce, 2010;Anand et al, 1991). Second, as emphasized by Carneiro & Heckman (2004) and given that this literature is relatively new, these studies are essential to shedding light on the importance of personality in determining economic outcomes.…”

Section: Personality Traits and Previous Findingsmentioning

confidence: 99%

Unemployment duration and personality

Uysal

Pohlmeier

2011

Journal of Economic Psychology

171

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This paper focuses on the role personality traits play in determining individual unemployment duration. We argue that a worker's job search intensity is decisively driven by her personality traits, reflected in her propensity to motivate and control herself while searching for a job. Moreover, personality traits, in as far as they can be signaled to a potential employer, may also enhance the probability of receiving and accepting a job offer.For our econometric duration analysis, we use the well-accepted taxonomy "Big Five" to classify personality traits. Based on individual unemployment data taken from the German Socio-Economic Panel (SOEP) our empirical findings reveal that the personality traits Conscientiousness and Neuroticism have a strong impact on the instantaneous probability of finding a job, where the former has a positive effect and the latter has a negative effect. The direction of the effect on the subsequent employment duration is the opposite. We do not find any significant effects of the personality traits Extraversion and Agreeableness on the duration of unemployment. The personality traitOpenness eases finding a job only for female unemployed workers and workers with migration background.

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Understanding fixed effects in human well-being

Cited by 72 publications

References 44 publications

Valuing Urban Landscape Using Subjective Well-Being Data: Empirical Evidence from Dalian, China

Valuing Urban Landscape Using Subjective Well-Being Data: Empirical Evidence from Dalian, China

The impact of immigration on the well-being of natives

Unemployment duration and personality

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