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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

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

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

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

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

Subjective and objective indicators of racial progress

Stevenson, Betsey; Wolfers, Justin - 2013

; happiness ; race …

Persistent link: https://www.econbiz.de/10009727586

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