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Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-50777

Studer, Raphael; Winkelmann, Rainer (2011). Specification and estimation of rating scale models - with an application to the determinants of life satisfaction. Working paper series / Department of Economics No. 03, University of Zurich.

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Abstract

This article proposes a new class of rating scale models, which merges advantages and overcomes shortcomings of the traditional linear and ordered latent regression models. Both parametric and semi-parametric estimation is considered. The insights of an empirical application to satisfaction data are threefold. First, the methods are easily implementable in standard statistical software. Second, the non-linear model allows for flexible marginal effects, and predicted means respect the boundaries of the dependent variable. Third, average marginal effects are similar to ordinary least squares estimates.

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
DDC:330 Economics
JEL Classification:C21, I00
Uncontrolled Keywords:Rating variables, non-linear least squares, quasi-maximum likelihood, semiparametric least squares, subjective well-being
Language:English
Date:January 2011
Deposited On:11 Nov 2011 07:41
Last Modified:17 Oct 2012 06:10
Series Name:Working paper series / Department of Economics
Number of Pages:19
ISSN:1664-7041 (P) 1664-705X (E)
Official URL:http://www.econ.uzh.ch/static/wp/econwp003.pdf
Related URLs:http://www.econ.uzh.ch/static/workingpapers.php

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