Most discussions of ordinal variables in the sociological literature debate the suitability of linear regression and structural equation methods when some variables are ordinal. Largely ignored in these discussions are methods for ordinal variables that are natural extensions of probit and logit models for dichotomous variables. If ordinal variables are discrete realizations of unmeasured conti...

The link between income and subjective satisfaction with one’s financial situation is explored in this paper using a panel analysis of 1,998 individuals tracked through the course of the boom period in Ireland, 1994-2001. A dynamic ordered probit model which incorporates state dependence and controls for correlated individual effects and the initial conditions problem is applied. The impact of ...

We study route choice behavior when travel time is uncertain. In this case, users do not minimize expected travel time but also take into account travel time variability. We collected survey data and analyze them with a method based on the ordered probit model. This allows us to have an ordinal as well as cardinal measures of risk aversion. Such an approach is therefore consistent with expected...

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...

As emphasized by Hausmann, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization and identifying what are the most binding constraints. This paper draws on firm-level data from the World Bank Enterprise Survey, which suggests that the obstacles for the functioning of firms is related to firm size. Recognizing the potential endogeneity and simultaneity between firms...

Diagnostic tests for normality, heteroscedasticity and structural stability are reported for an ordered probit model applied to an English league soccer match results data set. The unsystematic component in match results is found to be normal and homoscedastic, but the ordered probit model parameters reflecting relative team strengths are found to change significantly within the soccer season. ...

This paper develops an index of internationalisation or foreign expansion index (FEI) of the firm. The FEI integrates various dimensions of internationalisation that, although interrelated, have usually been analyzed independently, e.g., exports and FDI. Because of its prominent interfirm relationships and North-South discrepancies, this study focuses on Italy, constructing FEIs for each of som...

The purpose of this study is to examine the relationship between psychological factors and walking behavior in order to provide evidence supporting the implementation of measures for behavioral change for the success of urban planning initiatives. The acceptable walking distance is selected as an intermediate variable between psychological factors and actual walking distance. The results indica...

The focus of this paper is on the relationship between an individual’s environmental attitudes (or awareness) and well-being. We use an ordered probit model to examine the relationship between individual measures of subjective well-being and environmental attitudes regarding ozone pollution and species extinction. Using data from the British Household Panel Survey we find a negative correlation...

Even in the face of a continuously changing economic environment, interest rates often remain unadjusted for long periods. When rates are moved, the norm is for a series of small unidirectional discrete basis-point changes. To explain these phenomena we suggest a two-equation system combining a “long-run” equation explaining a binary decision to change or not change the interest-rate, and a “sh...