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The shadow prices of voluntary caregiving : using panel data of well-being to estimate the cost of informal care

McDonald, Rebecca; Powdthavee, Nattavudh - 2018

This paper uses the wellbeing valuation (WV) approach to estimate and monetize the wellbeing impacts of informal care provision on caregivers. Using nationally representative longitudinal data from the U.K., we address two challenging methodological issues related to the economic valuation of...

Persistent link: https://www.econbiz.de/10011865578

The welfare implications of addictive substances : a longitudinal study of life satisfaction of drug users

Moschion, Julie; Powdthavee, Nattavudh - 2017

This paper provides an empirical test of the rational addiction model, used in economics to model individuals' consumption of addictive substances, versus the utility misprediction model, used in psychology to explain the discrepancy between people's decision and their subsequent experiences. By...

Persistent link: https://www.econbiz.de/10011764676

Death, happiness, and the calculation of compensatory damages

Oswald, Andrew J. (contributor); … - 2007

paper explores how happiness regression equations might be used in tort cases to calculate compensatory damages for … compensation amounts are discussed. -- Bereavement ; damages ; happiness ; compensation ; well-being ; GHQ scores …

Persistent link: https://www.econbiz.de/10003608456

Towards a theory of life satisfaction accounting for stability, change and volatility in 25-year life trajectories in Germany

Headey, Bruce; Muffels, Ruud J. A. - 2016

An adequate theory of Life Satisfaction (LS) needs to take account of both factors that tend to stabilise LS and those that change it. The most widely accepted theory in psychology - setpoint theory - focussed solely on stability. That theory is now regarded as inadequate since several national...

Persistent link: https://www.econbiz.de/10011502854

Money doesn't buy happiness... or does it? : A reconsideration based on the combined effects of wealth, income and consumption

Headey, Bruce (contributor); Muffels, Ruud J. A. (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002161584

The effects of wealth and income on subjective well-being and ill-being

Headey, Bruce (contributor); Wooden, Mark (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001937629

Resilience to economic shocks and the long reach of childhood bullying

Powdthavee, Nattavudh - 2012

potential implications for economists and policy makers are discussed. -- resilience ; adaptation ; happiness ; unemployment …

Persistent link: https://www.econbiz.de/10009656125

Parents transmit happiness along with associated values and behaviors to their children : a lifelong happiness dividend?

Headey, Bruce; Muffels, Ruud J. A.; Wagner, Gert G. - 2012

There are strong two-way links between parent and child happiness (life satisfaction), even for 'children' who have … grown up, moved to their own home and partnered themselves. German panel evidence shows that transmission of (un)happiness … from parents to children is partly due to transmission of values and behaviors known to be associated with happiness …

Persistent link: https://www.econbiz.de/10009656134

Alternative values-based "recipes" for Life Satisfaction : German results with an Australian replication

Headey, Bruce; Wagner, Gert G. - 2018

In most research on Life Satisfaction (LS), it is assumed that the covariates of high and low LS are the same for everyone, or at least everyone in the West. In this paper, analysing data from the German Socio-Economic Panel, with a limited replication based on Australian panel data, we estimate...

Persistent link: https://www.econbiz.de/10011912913

Have econometric analyses of happiness data been futile? : a simple truth about happiness scales

Chen, Le-Yu; Oparina, Ekaterina; Powdthavee, Nattavudh; … - 2019

Econometric analyses in the happiness literature typically use subjective well-being (SWB) data to compare the mean of … observed or latent happiness across samples. Recent critiques show that com-paring the mean of ordinal data is only valid under … studies in the economics of happiness literature have been futile. In order to salvage some of the prior results and avoid …

Persistent link: https://www.econbiz.de/10011979193