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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
sensitivity of income estimates used in valuation. We address the endogeneity issue by decomposing wellbeing losses into those … relative who had not had an accident. We use of the Fixed Effects Filtered (FEF) estimator to enable the permanent income … coefficient to be estimated free from individual fixed effects bias. This estimate is used instead of the transient income effect …
Persistent link: https://www.econbiz.de/10011873549
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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
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Putting Different Price Tags on the Same Health Condition: Re-evaluating the Well-Being Valuation Approach
Powdthavee, Nattavudh; van den Berg, Bernard - Institute for the Study of Labor (IZA) - 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/10008839297
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Happiness, habits and high rank: Comparisons in economic and social life
Clark, Andrew E. - 2011
The role of money in producing sustained subjective well-being seems to be seriously compromised by social comparisons and habituation. But does that necessarily mean that we would be better off doing something else instead? This paper suggests that the phenomena of comparison and habituation...
Persistent link: https://www.econbiz.de/10010280689
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Is Envy Harmful to a Society's Psychological Health and Wellbeing? A Longitudinal Study of 18,000 Adults
Mujcic, Redzo; Oswald, Andrew J. - 2018
noted recently by Nicole E. Henniger and Christine R. Harris, and with the theory of socioemotional regulation suggested by …
Persistent link: https://www.econbiz.de/10011984482
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When to Release the Lockdown? A Wellbeing Framework for Analysing Costs and Benefits
Layard, Richard; Clark, Andrew E.; De Neve, Jan-Emmanuel; … - 2020
It is politicians who have to decide when to release the lockdown, and in what way. In doing so, they have to balance many considerations (as with any decision). Often the different considerations appear incommensurable so that only the roughest of judgements can be made. For example, in the...
Persistent link: https://www.econbiz.de/10012207867
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Two Pandemic Years Greatly Reduced Young People's Life Satisfaction: Evidence from a Comparison with Pre-COVID-19 Panel Data
Neugebauer, Martin; Patzina, Alexander; Dietrich, Hans; … - 2023
, we compared the 2-year development of life satisfaction of German high school students during COVID-19 (N = 2,698) with … satisfaction in winter 2020/2021 (Cohen's d = -0.40) that was approximately three times stronger than that in the general …
Persistent link: https://www.econbiz.de/10014469544
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Does Health Insurance Make People Happier? Evidence from Massachusetts' Healthcare Reform
Kim, Seonghoon; Koh, Kanghyock - 2018
Behavioral Risk Factor Surveillance System, we find that the reform significantly improved Massachusetts residents' overall life-satisfaction … as an instrument for health insurance coverage, we estimate its large impact on overall life-satisfaction. Our results …
Persistent link: https://www.econbiz.de/10011931844
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The Effects of the Affordable Care Act Medicaid Expansion on Subjective Well-being
Kim, Seonghoon; Koh, Kanghyock - 2019
significantly improved the overall life satisfaction of low-income non-elderly adults. Various sensitivity checks and falsification …-being of individuals in the United States. Using data from the Panel Study of Income Dynamics, we find that the expansion has …
Persistent link: https://www.econbiz.de/10012141272
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Objective confirmation of subjective measures of human well-being: evidence from the USA
Oswald, Andrew J.; Wu, Stephen - 2010
-2008 Behavioral Risk Factor Surveillance System random sample of 1.3 million United States citizens. Life-satisfaction in each U …, using solely non-subjective data, in a literature from economics (so-called 'compensating differentials' neoclassical theory …
Persistent link: https://www.econbiz.de/10010269621