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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

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

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

Longitudinal evidence for a midlife nadir in human well-being : results from four data sets

Cheng, Terence Chai; Powdthavee, Nattavudh; Oswald, … - 2014

There is a large amount of cross-sectional evidence for a midlife low in the life cycle of human happiness and well …

Persistent link: https://www.econbiz.de/10010246091

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

Economic approaches to understanding change in happiness

Powdthavee, Nattavudh; Stutzer, Alois - 2014

Are people condemned to an inherent level of experienced happiness? A review of the economic research on subjective … well-being gives reason to the assessment that happiness can change. First, empirical findings clearly indicate that people … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …

Persistent link: https://www.econbiz.de/10010348918