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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
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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
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Bureaucratic rents and life satisfaction
Lüchinger, Simon (contributor); Meier, Stephan (contributor) - 2006
The monopoly position of the public bureaucracy in providing public services allows government employees to acquire rents. Those rents can involve higher wages, monetary and non-monetary fringe benefits (e.g. pensions and staffing), and/or bribes. We propose a direct measure to capture the total...
Persistent link: https://www.econbiz.de/10003278945
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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
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Why does unemployment hurt the employed? : evidence from the life satisfaction gap between the public and the private sector
Lüchinger, Simon (contributor); Meier, Stephan (contributor) - 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular job security, in workers' well-being by exploiting sector-specific institutional differences...
Persistent link: https://www.econbiz.de/10003661548
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The happiness gains from sorting and matching in the labor market
Lüchinger, Simon (contributor); Stutzer, Alois (contributor) - 2006
Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on reported satisfaction with life it is...
Persistent link: https://www.econbiz.de/10003292059
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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
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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