The paper proposes a new estimator for the fixed effects ordered logit model. In contrast to existing methods, the new procedure allows estimating the thresholds. The empirical relevance and simplicity of implementation is illustrated in an application to the effect of unemployment on life satisfaction.

This research investigates the passengers’ level of satisfaction from the use of diverse public transport systems. The aim is to uncover factors that drive their modal choices and to assess the quality implications of the variability of the users’ perceived satisfaction through the use of two statistical methods (ordered logit and linear mixed models) and comprehensive diagrammatic techniques. ...

A general phenomenon puzzles all investors is that on one hand, most individual investors believe they need to construct the portfolio consisting of 15 or more stocks to prevent risk because that large investment companies frequently get high returns is due to they obey the existing investment theory to make the portfolio consisting of more than 100 stocks, but the individual investors loss the...

The generalized nested logit model is a new member of the generalized extreme value family of models. The GNL provides a higher degree of flexibility in the estimation of substitution or cross-elasticity between pairs of alternatives than previously developed generalized extreme value models. The generalized nested logit model includes the paired combinatorial logit and cross-nested logit model...

This paper focuses on the relevance of alternate discrete outcome frameworks for modeling driver injury severity. The study empirically compares the ordered response and unordered response models in the context of driver injury severity in traffic crashes. The alternative modeling approaches considered for the comparison exercise include: for the ordered response framework-ordered logit (OL), g...

Abstract In this paper we provide an overview of the patterns of intergenerational proximity and coresidence of adult children and their mothers in the U.S., using data from the National Survey of Families and Households (NSFH) and the U.S. Census. We highlight the importance of three specification and sample choices in the analysis. First, most previous studies consider coresidence to be the l...

This paper presents an ordered logit approach to model the optimal timing of buying a house in the life cycle. The model is applied to three recent Belgian household budget surveys. We find that households postpone homeownership or choose to be lifelong tenant due to an increase of the transaction tax rate, the real interest rate on mortgages and an indicator for the evolution of real house pri...

This paper examines the determinants of exercise maintenance through the lens of behavioral economics. I aim to explain the motivational differences between those who successfully maintain healthy exercise habits and those who do not. The implications of this paper inform rowers, athletes and non-athletes alike how to approach exercise from a perspective of long-term maintenance and health. Add...