Unhappy with Semi-Parametrics? A Replication Study of a Life-Satisfaction Analysis.
Details
Serval ID
serval:BIB_206E9BA91CF6
Type
Article: article from journal or magazin.
Collection
Publications
Institution
Title
Unhappy with Semi-Parametrics? A Replication Study of a Life-Satisfaction Analysis.
Journal
SSRN Electronic Journal
ISSN
1556-5068
Publication state
Published
Issued date
2015
Language
english
Abstract
Functional form specification is an important issue in econometrics. While non-parametric techniques can partially solve this problem by relaxing the assumptions on any explicit functional form, it is at the cost of easy interpretation and also facing the curse of dimensionality. The semi-parametric techniques are introduced as a way of circumventing these shortcomings. However, the non-parametric part of the model is particularly sensitive to model assumptions in the parametric part. In the recent literature on life-satisfaction these methods have been used without taking sufficient care. It will be shown how this can easily, though not necessarily, lead to erroneous conclusions.
Keywords
semi-parametric models, link function, self-reported discrete measure, life satisfaction, mid-life crisis
Create date
23/04/2024 16:06
Last modification date
25/05/2024 6:14