Discussion Paper
No. 2015-63 |
September 23, 2015
Issues in the Estimation of Dynamic Happiness Models: A Comment on "Does Childhood Predict Adult Life Satisfaction?"
Abstract
This short note offers methodological comments on an Economic Journal article (Frijters, P., Johnston, D.W. and Shields, M.A. (2014). Does Childhood Predict Adult Life Satisfaction? Evidence from British Cohort Surveys. Economic Journal 124(580): F688–F719). The comments consider its use of a dynamic model – the inclusion of a lagged dependent variable – and its employment of General Method of Moments (GMM) estimation.
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