Issues in the estimation of dynamic happiness models : a Comment on "Does childhood predict adult life satisfaction?"

Alan T. Piper and Geoffrey T. Pugh

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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Year of publication:	2015
Authors:	Piper, Alan T. ; Pugh, Geoff
Publisher:	Kiel : Kiel Inst. for the World Economy
Subject:	Life Satisfaction \| dynamic panel analysis \| GMM \| Zufriedenheit \| Satisfaction \| Schätzung \| Estimation \| Panel \| Panel study \| Lebensqualität \| Quality of life \| Kinder \| Children \| Momentenmethode \| Method of moments \| Lebensverlauf \| Life course