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Interdependent Utility in Marriage: Evidence from Happiness Survey

Interdependent Utility in Marriage: Evidence from Happiness Survey. Nattavudh Powdthavee Institute of Education, U of London. To what extent are reported well-being scores correlated between spouses?

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Interdependent Utility in Marriage: Evidence from Happiness Survey

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  1. Interdependent Utility in Marriage: Evidence from Happiness Survey Nattavudh Powdthavee Institute of Education, U of London

  2. To what extent are reported well-being scores correlated between spouses? • What are the economic implications? Altruistic behaviours, future labour market performance, etc.

  3. Controlling for individual fixed effects and confounding influences, i.e. age, years of marriage, employment status, etc., as well as attempting to correct for omitted variables bias: The effect of spouse’s happiness on own happiness is approximately 7%-10%. How about other measures of well-being, i.e. loss of sleep index?

  4. BHPS 1991-2004 GHQ-12: “Have you recently lost much sleep over worry?”, 1=not at all, 4=much more Controlling for age, health status, employment status, etc. IV variables are wife’s loss of sleep at t-1 and t-2

  5. Labour Income at t + 1 Regressions, BHPS 1991-2004 Controlling for individual’s socioeconomic status at t and wife’s employment status.

  6. Reported well-being scores are causally related among spouses • The size of the effect is sizeable (7%-10%) • Disutility can affect future productivity in the labour market

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