In this article, we review popular parametric models for analyzing panel data and introduce the latest advances in matching methods for panel data analysis. To the extent that the parametric models and the matching methods offer distinct advantages for drawing causal inference, we suggest using both to cross-validate the evidence. We demonstrate…

Although the effects of income and age on subjective well-being have been widely studied, research on the effects of income and age on financial satisfaction, a major life domain to which income has direct relevance, remains limited. Analyzing data from the General Social Surveys, this article empirically examined the effects of income and age on…