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behavioural determinants of IA and how they differ across domains such as income and health. Using representative surveys from … England, this paper elicits comparable estimates of IA in the health and income domains using two alternative elicitation … and health domains. Average estimates are around 0.8 for income IA and range from 0.8 to 1.5 for health IA. Second, we …
Persistent link: https://www.econbiz.de/10014637492
This paper proposes a method to evaluate health losses or gains by looking at the impact on well-being of a change in … health status. The paper presents estimates of the equivalent income change that would be necessary to change general … satisfaction with life to the same extent as a change in health satisfaction would do. In other words, we estimate the income …
Persistent link: https://www.econbiz.de/10011402365
). These variables include one's state of health, social support and participation, exercise, job satisfaction and satisfaction …
Persistent link: https://www.econbiz.de/10010440542
In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals' well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...
Persistent link: https://www.econbiz.de/10003903197
regarding the relationship between the latent variable "health" and its evaluation into observable QALY's. Second, we allow the …In this paper we evaluate the QALY losses, which are linked to the prevalence of specific chronic illnesses and … impediments. The analysis is based on the individual self-rating health satisfaction question asked in the British Household Panel …
Persistent link: https://www.econbiz.de/10011402375
A common premise in both the theoretical and policy literatures on development is that people remain poor because they are too impatient to save and too risk averse to take the sort of chances needed to accumulate wealth. The empirical literature, however, suggests that this assumption is far...
Persistent link: https://www.econbiz.de/10009155585
A number of researchers point to the anticipation of early death, or a sense of "futurelessness," as a contributing factor to youth crime and violence. Young people who perceive a high probability of early death, it is argued, may have little reason to delay gratification for the promise of...
Persistent link: https://www.econbiz.de/10003777931
Male and female choices differ in many economic situations, e.g., on the labor market. This paper considers whether such differences are driven by different attitudes towards competition. In our experiment subjects choose between a tournament and a piece-rate pay scheme before performing a real...
Persistent link: https://www.econbiz.de/10003280790
This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...
Persistent link: https://www.econbiz.de/10003808595
This paper shows that increases in the minimum wage rate can have ambiguous effects on the working hours and welfare of employed workers in competitive labor markets. The reason is that employers may not comply with the minimum wage legislation and instead pay a lower subminimum wage rate. If...
Persistent link: https://www.econbiz.de/10003897515