Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the most well-known representatives being the ordered logit and the ordered probit. However, these models restrict the marginal probability effects by design, and therefore limit the analysis of distributional aspects of a change in income, that is, the study of whether the income e...

An ordered probit regression model estimated using 15 years’ data is used to model English league football match results. As well as past match results data, the significance of the match for end-ofseason league outcomes; the involvement of the teams in cup competition; the geographical distance between the two teams’ home towns; and the average attendances of the two teams all contribute to th...

The lack of access to formal credit at affordable cost (effective interest) is the most critical constraint faced by the rural entrepreneurs to get involved in productive profitable business activities. This study explores the causes behind the widespread existence of informal credits as investment capital for small house-based business. Based on a primary survey on house based industrial owner...

The present paper provides first microlevel (indirect) empirical evidence on changes in the determinants of firm profitability, the role of fixed and sunk costs, as well as the nature of competition for a transition economy. We estimate size thresholds required to support different numbers of firms for four retail and professional service industries in a large number of geographic markets in Sl...

The increasing proportion of immigrants in the population of many countries has raised concerns about the ‘absorption capacity’ of the labour market, and fuelled extensive empirical research in countries that attract migrants. In previous papers we synthesized the conclusions of this empirical literature by means of meta -analyses of the impact of immigration on wages and employment of native-b...

Data for discrete ordered random variables are often characterised by “excessive” zero observations. Traditional ordered probit models have limited capacity in explaining the preponderance of zero observations, especially when the zeros may relate to two distinct situations of non-participation and infrequent participation (or consumption), for example. We propose a zero-inflated ordered probit...

This paper uses the nationally representative Albanian Living Standards Measurement Survey from 2005 to investigate the determinants of life satisfaction. In common with much of the existing empirical economics literature that models life satisfaction (or subjective well-being) this paper exploits an ordered probit model. In contrast to the existing literature, however, the current study places...

In determining certain infrastructure rehabilitation needs, it is sometimes important to consider user perceptions along with physical measures of infrastructure condition. Pavement roughness is one such case. A critical determinant of public satisfaction, user perception of pavement roughness can potentially play a critical role in the allocation of resources to competing highway resurfacing p...

The relationship between income and subjective well-being (SWB) is investigated using eight waves of the British Household Panel Survey and an estimation strategy that allows us to relax some assumptions typically made in the literature. First, we use a random effects generalized ordered probit model to investigate whether income effects are heterogeneous across SWB categories, and, second, we ...