Heterogeneity in Subjective Wellbeing : An Application to Occupational Allocation in Africa

Falco, Paolo ; Maloney, William F. ; Rijkers, Bob ; Sarrias, Mauricio

Elsevier

关键词: Subjective wellbeing;    Mixed ordered probit;    Self-employment;    Informality;    Developing country labor market;   

DOI  :  10.1016/j.jebo.2014.12.022

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

By exploiting recent advances in mixed (stochastic parameter) ordered probit estimators and a unique longitudinal dataset from Ghana, this paper examines the distribution of subjective wellbeing across sectors of employment. We find little evidence for the overall inferiority of the small firm informal sector relative to the formal salaried sector at the conditional mean. Moreover, the estimated underlying random parameter distributions unveil substantial latent heterogeneity in subjective wellbeing around the central tendency that fixed parameter models cannot detect. All job categories contain substantial shares of both relatively happy and disgruntled workers.