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Subjective Well‐Being and Income: A Re‐Examination of Satiation Using the Reg...
A methodological challenge in testing Easterlin's paradox, which states that increasing income fails to boost happiness beyond a satiation point, lies in the determination of... -
Simple solutions to the initial conditions problem in dynamic, nonlinear pane...
I study a simple, widely applicable approach to handling the initial conditions problem in dynamic, nonlinear unobserved effects models. Rather than attempting to obtain the...