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.
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
|JEL Classification:||C21, I00|
|Uncontrolled Keywords:||Rating variables, non-linear least squares, quasi-maximum likelihood, semiparametric least squares, subjective well-being|
|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)|
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