Composition of families and subjective economic well-being: an application to Italian context
- Authors: Cracolici, M.; Giambona, F.; Cuffaro, M.
- Publication year: 2011
- Type: Monografia
- Key words: Economic Well-being, Subjective Approach, Ordered Logit Model
- OA Link: http://hdl.handle.net/10447/57676
Using Italian data on Income and Living Conditions for the year 2005, the paper explores empirically whether the determinants of subjective economic well-being (SEW) differ (or not) in four representative typologies of households. By means of a Partial Proportional Ordered Logit Model the subjective economic well-being – proxied by the capacity of households to make ends meet – has been explored. Results highlight the variables acting on SEW, common to each typology, are related both to economic status (specifically, the capacity to pay taxes and to afford housing, clothes and holiday expenditures) and to socio-demographic status (specifically, the work-status and the highest level of education). A more in depth analysis, by level of education, shows the economic precariousness of some specific typologies, namely families with one person, with two or more children, and those whose respondent has a very low level of education.