The literature that tests for U-shaped relationships using panel data, such as those between pollution and income or … subjective choices due to a lack of identification. We apply our methodology to the pollution-income relationship of both CO2 …- and SO2-emissions. Interestingly, our approach yields estimates of both income (scale) and time (composition and …

health status. The paper presents estimates of the equivalent income change that would be necessary to change general … satisfaction with life to the same extent as a change in health satisfaction would do. In other words, the income equivalent of … estimate the income equivalent for these diseases. This method uses answers to well-being and health satisfaction questions as …

after controlling for realized earnings, wealth and time-invariant unobserved characteristics such as permanent income and …