Dynamics of adolescents’ life satisfaction and effect of class rank percentile: Evidence from Korean panel data

Bokyung Kim, Jinook Jeong

Research output: Contribution to journalArticle

4 Citations (Scopus)

Abstract

This study investigates the dynamics of adolescents’ life satisfaction and the effects of academic success on life satisfaction using the Korean Youth Panel Survey (KYPS) 2003–2007 data. Unlike previous studies, our dynamic ordered probit models allow for persistence in life satisfaction which is attributable both to unobserved individual heterogeneity and to state dependence. First, we find that strong state dependence exists in adolescents’ life satisfaction, that is, current life satisfaction is significantly affected by the previous state. Second, we show that academic success undoubtedly has a positive effect on adolescents’ life satisfaction even after controlling for state dependence. Finally, we present that there exists an interesting gender difference: boys show stronger persistence in the state of high life satisfaction, whereas girls have stronger persistence in dissatisfaction.

Original languageEnglish
Pages (from-to)8-28
Number of pages21
JournalJournal of Economic Psychology
Volume59
DOIs
Publication statusPublished - 2017 Apr 1

All Science Journal Classification (ASJC) codes

  • Applied Psychology
  • Sociology and Political Science
  • Economics and Econometrics

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