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

Author

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  • Kim, Bokyung
  • Jeong, Jinook
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.

Suggested Citation

  • Kim, Bokyung & Jeong, Jinook, 2017. "Dynamics of adolescents’ life satisfaction and effect of class rank percentile: Evidence from Korean panel data," Journal of Economic Psychology, Elsevier, vol. 59(C), pages 8-28.
    • Handle: RePEc:eee:joepsy:v:59:y:2017:i:c:p:8-28
    DOI: 10.1016/j.joep.2017.01.002
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    2. Fawaz, Yarine & Lee, Junhee, 2022. "Rank comparisons amongst teenagers and suicidal ideation," Economics & Human Biology, Elsevier, vol. 44(C).
    3. Bai, Chen & Chen, Xiaomeng & Han, Keqing, 2020. "Mobile phone addiction and school performance among Chinese adolescents from low-income families: A moderated mediation model," Children and Youth Services Review, Elsevier, vol. 118(C).

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    More about this item

    Keywords

    Life satisfaction; Class rank percentile; Academic success; Dynamic ordered probit; State dependence; Reference point;
    All these keywords.

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

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