Topic
Panel data
About: Panel data is a research topic. Over the lifetime, 28543 publications have been published within this topic receiving 775177 citations.
Papers published on a yearly basis
Papers
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TL;DR: This paper investigated whether individuals feel worse off when others around them earn more in other words, do people care about relative position and does "lagging behind the Joneses" diminish well-being?
Abstract: This paper investigates whether individuals feel worse off when others around them earn more In other words, do people care about relative position and does "lagging behind the Joneses" diminish well-being? To answer this question, I match individual-level panel data containing a number of indicators of well-being to information about local average earnings I find that, controlling for an individual's own income, higher earnings of neighbors are associated with lower levels of self-reported happiness The data's panel nature and rich set of measures of well-being and behavior indicate that this association is not driven by selection or by changes in the way people define happiness There is suggestive evidence that the negative effect of increases in neighbors' earnings on own well-being is most likely caused by interpersonal preferences, ie people having utility functions that depend on relative consumption in addition to absolute consumption
1,738 citations
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TL;DR: In this article, the importance of non-pecuniary costs of unemployment using a longitudinal data-set on life-satisfaction of working-age men in Germany was tested.
Abstract: This paper tests for the importance of non-pecuniary costs of unemployment using a longitudinal data-set on life-satisfaction of working-age men in Germany. We show that unemployment has a large detrimental effect on satisfaction after individual specific fixed effects are controlled for. The non-pecuniary effect is much larger than the effect that stems from the associated loss of income.
1,723 citations
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TL;DR: It is shown how a variety of errors-in-variables models may be identifiable and estimable in panel data without the use of external instruments and applied to the estimation of ‘labor demand’ relationships, also known as the ‘short-run increasing returns to scale’ puzzle.
1,698 citations
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TL;DR: In this paper, the authors present an overview of the state-of-the-art models for static and dynamic error components, including autoregressive models with individual effects and models with predetermined variabilities.
Abstract: 1. Introduction PART I: STATIC MODELS 2. Unobserved Heterogeneity 3. Error Components 4. Error in Variables PART II: DYNAMIC MODELS 5. Covariance Structures for Dynamic Error Components 6. Autoregressive Models with Individual Effects 7. Models with Predetermined Variables
1,692 citations
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TL;DR: In this paper, the authors examined the empirical relationship between long-run growth and financial development, proxied by the ratio between bank credit to the private sector and GDP, and found that this proxy is positively correlated with growth in a large cross-country sample, but its impact changes across countries, and is negative in a panel data for Latin America.
1,662 citations