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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/10011873549

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

Oswald, Andrew J.; Powdthavee, Nattavudh - 2006

Economics ignores the possibility of hedonic adaptation (the idea that people bounce back from utility shocks). This paper argues that economists are wrong to do so. It provides longitudinal evidence that individuals who become disabled go on to exhibit recovery in mental wellbeing. Adaptation...

Persistent link: https://www.econbiz.de/10010267773

Death, happiness, and the calculation of compensatory damages

Oswald, Andrew J.; Powdthavee, Nattavudh - 2007

paper explores how happiness regression equations might be used in tort cases to calculate compensatory damages for …

Persistent link: https://www.econbiz.de/10010268271

Life satisfaction and grandparenthood: Evidence from a nationwide survey

Powdthavee, Nattavudh - 2011

This paper tests whether there is a potential payoff to grandparenthood in terms of life satisfaction. Using the new nationwide survey for the UK, which consists of over 5,000 grandparents and 6,000 non-grandparents aged 40 and above, and a flexible multiple-index ordered probit model with...

Persistent link: https://www.econbiz.de/10010278742

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

Powdthavee, Nattavudh; van den Berg, Bernard - 2011

Many recent writings in health policy have proposed that health be valued directly and in monetary terms using the new well-being valuation method. Yet there is currently no clear consensus on what the best measure of individual's experience may be for the evaluation process. To shed light on...

Persistent link: https://www.econbiz.de/10010278781

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/10013426382

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/10011787031

Are Happier People Less Judgmental of Other People's Selfish Behaviors? Laboratory Evidence from Trust and Gift Exchange Games

Drouvelis, Michalis; Powdthavee, Nattavudh - 2013

significantly moderated by an increase in happiness for the person making the judgment. …

Persistent link: https://www.econbiz.de/10010319522

Resilience to economic shocks and the long reach of childhood bullying

Powdthavee, Nattavudh - 2012

This paper investigates whether people's ability to withstand and adapt to one of the most important economic shocks - job loss - is determined early on in childhood. Using nationally representative longitudinal data that tracks almost 3,000 children into adulthood, we show that the negative...

Persistent link: https://www.econbiz.de/10010289906

Does It Pay to Bet on Your Favourite to Win? Evidence on Experienced Utility from the 2018 FIFA World Cup Experiment

Kossuth, Lajos; Powdthavee, Nattavudh; Harris, Donna; … - 2019

the tournament. This decision not to offset a potential loss through hedging did not pay off in people's happiness … following an England win. It was, however, associated with a sharp decrease in people's happiness following an England loss …. Post-match happiness is relatively more stable among those who chose to hedge or were randomly allocated to hedge. We …

Persistent link: https://www.econbiz.de/10012141225