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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

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 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

Top incomes and human well-being around the world

Burkhauser, Richard V.; De Neve, Jan-Emmanuel; … - 2016

The share of income held by the top 1 percent in many countries around the world has been rising persistently over the last 30 years. But we continue to know little about how the rising top income shares affect human well-being. This study combines the latest data to examine the relationship...

Persistent link: https://www.econbiz.de/10011450430

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

Do perceptions of economic well-being predict the onset of war and peace?

Swee, Eik Leong; Zhan, Haikun; Powdthavee, Nattavudh - 2019

While economic deprivation is an important determinant of civil conflict, it cannot completely explain the incentives for warfare. In irregular wars, for example, both incumbents and insurgents may employ various tactics to win the hearts and minds of civilians in order to muster territorial...

Persistent link: https://www.econbiz.de/10012120621

Who got the brexit blues? : using a quasi-experiment to show the effect of brexit on subjective wellbeing in the uk

Powdthavee, Nattavudh; Plagnol, Anke C.; Frijters, Paul; … - 2017

We use the 2015-2016 waves of the UK Household Longitudinal Study (Understanding Society) to look at subjective wellbeing around the time of the June 2016 EU membership Referendum in the UK (Brexit). We find that those reporting a preference for leaving the EU were 0.14 points less satisfied...

Persistent link: https://www.econbiz.de/10011775929

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

Putting different price tags on the same health condition : re-evaluating the well-being valuation approach

Powdthavee, Nattavudh; Berg, Bernard van den - 2011

valuations ; happiness ; health ; GHQ …

Persistent link: https://www.econbiz.de/10009230278

What predicts a successful life? : a life-course model of well-being

Layard, Peter R. G.; Clark, Andrew E.; Cornaglia, Francesca - 2013

If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the British Cohort Study (1970). The most powerful childhood...

Persistent link: https://www.econbiz.de/10010201282