Does Money Buy Happiness? Evidence from Twins in Urban China
发布日期：2013-03-04主 题：Does Money Buy Happiness? Evidence from Twins in Urban China
主讲人：叶茂亮，中国人民大学汉青经济与金融高级研究院助理教授，2002年在中山大学取得通信工程学士学位，2005年在清华大学取得信息与通信工程硕士学位，2007年在香港中文大学取得经济学硕士学位，2012年在哈佛大学取得公共政策博士学位。研究领域包括行为经济学、政治经济学、劳动经济学等。他的研究成果曾在International Meeting of Economic Science Association, Royal Economic Society Annual Conference等会议上发表。
摘 要：This paper estimates the effect of income on individual self-reported happiness using unique Chinese twins data. To control for omitted genetic factors and family background, we use a within-monozygotic-twin-pair fixed-effects model. The instrumental variable fixed-effects method is used to correct measurement error bias. The results are robust after we address concerns about potential biases of within-monozygotic-twin-pair estimates, use various measures of income and wealth, consider the potential cross effect of twin sibling’s income, and address the concern reverse causality. This paper adds to the literature on the effect of income on happiness, and to the best of our knowledge, it is the first such study which draws on twins data to correct both omitted variable bias and measurement error bias.
时 间：2013年3月5日星期二16:00-17:30
地 点：学术会堂608
主办单位：人力资本与劳动经济研究中心
[编辑]：孙颖
