The aim of this paper is to estimate in a multivariate context the factors associated with well-being and ill-being without making the assumptions that they are opposite ends of the same continuum, and that the factors uniformly affect both well-being and ill-being. Using the first five waves of...

Individuals who vote in one election are also more likely to vote in the next. Modelling the causal relationship between past and current voting decisions however is intrinsically difficult, as this positive association can exist due to habit formation or unobserved heterogeneity. This paper...

Hong and Kao (2004) proposed a panel data test for serial correlation of unknown form. However, their test is computationally difficult to implement, and simulation studies show the test to have bad small-sample properties. We extend Gencay’s (2011) time series test for serial correlation to...

Individuals who vote in one election are also more likely to vote in the next. Modelling the causal relationship between consecutive voting decisions however is intrinsically difficult, as this positive association can exist due to unobserved heterogeneity (i.e. some fixed, but unobserved,...

We analyse Ricardian Equivalence in open economy using a panel of 18 developed countries for 1973-1998. We use a dynamic panel estimated via instrumental variables and we discuss why this specification should be preferred to a static model estimated via ordinary least squares. We find a...

This paper aims to analyse the effect of disability on participation in the labour force, using the Irish component of the European Community Household Panel Survey 1995-2000. A range of panel models are considered, but to allow for any unobserved influences or state dependence in labour force...