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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

The midlife crisis

Giuntella, Osea; McManus, Sally; Mujcic, Redzo; Oswald, … - 2022

This paper documents a longitudinal crisis of midlife among the inhabitants of rich nations. Yet middle-aged citizens in our data sets are close to their peak earnings, have typically experienced little or no illness, reside in some of the safest countries in the world, and live in the most...

Persistent link: https://www.econbiz.de/10013367287

The importance of sampling frequency for estimates of well-being dynamics

Hoskins, Stephen; Johnston, David; Kunz, Johannes; … - 2024

Using a high-frequency panel survey, we examine the sensitivity of estimated self-reported well-being (SWB) dynamics to using monthly, quarterly, and yearly data. This is an important issue if SWB is to be used to evaluate policy. Results from autoregressive models that account for...

Persistent link: https://www.econbiz.de/10014580720

Economic growth and subjective well-being : reassessing the easterlin paradox

Stevenson, Betsey (contributor); Wolfers, Justin (contributor) - 2008

of happiness. We re-assess this paradox analyzing multiple rich datasets spanning many decades. Using recent data on a … happiness. Together these findings indicate a clear role for absolute income and a more limited role for relative income … comparisons in determining happiness. -- Happiness ; subjective well-being ; Easterlin Paradox ; life satisfaction ; economic …

Persistent link: https://www.econbiz.de/10003752845

Happiness and growth the world over : time series evidence on the happiness-income paradox

Easterlin, Richard A.; Angelescu, Laura - 2009

There is no significant relationship between the improvement in happiness and the long term rate of growth of GDP per …-term positive association between the growth of happiness and income, arising from fluctuations in macroeconomic conditions, with … the long-term relationship, which is nil. -- Happiness ; economic growth ; developing countries ; transition countries …

Persistent link: https://www.econbiz.de/10003824943

Does happiness adapt? : A longitudinal study of disability with implications for economists and judges

Oswald, Andrew J. (contributor); … - 2006

over the world currently use ad hoc methods. -- disability ; adaptation ; happiness ; legal compensation ; wellbeing ; GHQ …

Persistent link: https://www.econbiz.de/10003411731

Modern economic growth and quality of life : cross sectional and time series evidence

Easterlin, Richard A. (contributor); … - 2007

rights, happiness, and the like) associated with economic growth? International comparisons of quality of life (QoL … sometimes, as in the case of happiness and life satisfaction, QoL indicators remain unchanged despite a doubling or more of real …

Persistent link: https://www.econbiz.de/10003585354

Relative income, happiness and utility : an explanation for the Easterlin paradox and other puzzles

Clark, Andrew E. (contributor); Frijters, Paul (contributor) - 2007

The well-known Easterlin paradox points out that average happiness has remained constant over time despite sharp rises … also discuss the relation (or not) between happiness and utility and discuss some non-happiness research (behavioural …

Persistent link: https://www.econbiz.de/10003597969

Subjective well-being, income, economic development and growth

Sacks, Daniel W.; Stevenson, Betsey; Wolfers, Justin - 2010

We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...

Persistent link: https://www.econbiz.de/10009152425