Does the decision to participate in the labour market affect people’s subjective well-being?

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cepal.articleNo8
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2024/9-P
cepal.docTypeRevistas
cepal.jelCodeI31
cepal.jelCodeI39
cepal.jelCodeJ39
cepal.jobNumber08montero_REV-143E
cepal.physicalDescriptiontablas.
cepal.regionalOfficeSantiago
cepal.sdg8
cepal.topicEngEMPLOYMENT
cepal.topicEngLABOUR INCLUSION
cepal.topicEngECONOMETRICS
cepal.topicSpaEMPLEO
cepal.topicSpaINCLUSIÓN LABORAL
cepal.topicSpaECONOMETRÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorMontero, Rodrigo
dc.contributor.authorVásquez, Diego
dc.coverage.spatialEngCHILE
dc.coverage.spatialSpaCHILE
dc.date.accessioned2024-12-23T16:30:27Z
dc.date.available2024-12-23T16:30:27Z
dc.date.issued2024-08
dc.description.abstractThis article provides evidence regarding the potential effect of labour participation on life satisfaction. To take into account possible endogeneity in the decision to participate in the labour market, a two-stage least squares estimation is carried out. Hence, an excluded instrument is used for the decision to participate, where the existence of a weak instrument is rejected. Then, to take into account the ordinal nature of the dependent variable, an ordered probit model with a binary endogenous explanatory variable is estimated. This method makes it possible to jointly estimate all the parameters of the model. The results, which are robust to the presence of endogeneity in the decision to participate, show that labour participation does not have an impact on life satisfaction. Regarding the rest of the explanatory variables included in the model, the results are in line with previous empirical evidence.
dc.formatTexto
dc.format.extentpáginas 149-168
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2024/9-P
dc.identifier.urihttps://hdl.handle.net/11362/81142
dc.language.isoeng
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo143
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.translationLanguagespa
dc.relation.translationRecord¿Afecta el bienestar subjetivo de las personas la decisión de participar en el mercado laboral?
dc.relation.translationUrihttps://hdl.handle.net/11362/80850
dc.rights.coarDisponible
dc.subject.unbisEngEMPLOYMENT
dc.subject.unbisEngLABOUR MARKET
dc.subject.unbisEngWORKFORCE
dc.subject.unbisEngQUALITY OF LIFE
dc.subject.unbisEngMEASUREMENT
dc.subject.unbisEngSOCIAL SURVEYS
dc.subject.unbisEngECONOMETRIC MODELS
dc.subject.unbisSpaEMPLEO
dc.subject.unbisSpaMERCADO DE TRABAJO
dc.subject.unbisSpaMANO DE OBRA
dc.subject.unbisSpaCALIDAD DE LA VIDA
dc.subject.unbisSpaMEDICION
dc.subject.unbisSpaENCUESTAS SOCIALES
dc.subject.unbisSpaMODELOS ECONOMETRICOS
dc.titleDoes the decision to participate in the labour market affect people’s subjective well-being?
dc.type.coarartículo
dspace.entity.typePublication
relation.isAuthorOfPublication00ae3506-7451-4076-bb33-e5621a850abc
relation.isAuthorOfPublication29fe628c-1d69-43ca-820f-4e232291e5d5
relation.isAuthorOfPublication.latestForDiscovery00ae3506-7451-4076-bb33-e5621a850abc
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