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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/10010271282
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/10010276958
Many recent writings in health policy have proposed that health be valued directly and in monetary terms using the new … may be for the evaluation process. To shed light on this issue, monetary values for a number of health problems are … consistency of health impacts within each well-being measure, hugely different monetary valuations are obtained for the same …
Persistent link: https://www.econbiz.de/10010278781
an integrated developmental approach to child and adult health that considers the costs and benefits of interventions … over the life cycle. We suggest policies to promote child health which are currently outside the boundaries of conventional …
Persistent link: https://www.econbiz.de/10010291401
The model of compensating differentials in regional labor markets was developed by Roback (1982). The model interprets regional differences in constant quality wages and rents as compensating firms and residents for inter-regional differences in amenities. The model assumes that the costs of...
Persistent link: https://www.econbiz.de/10010268206
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/10010276959
Inhabitants of houses near Amsterdam Airport are complaining of noise nuisance, caused by aircraft traffic. The usual assumption is that the effect of the externality will be perfectly reflected by house price differentials. This is based on the implicit assumption that there is a...
Persistent link: https://www.econbiz.de/10010261855
?more is better,? based on revealed preference theory, is wrong. An increase in income, and thus in the goods at one … better theory of well-being builds on the evidence that adaptation and social comparison affect utility more in pecuniary … goals, such as family life and health, and reduces well-being. There is need to devise policies that will yield better …
Persistent link: https://www.econbiz.de/10010261920
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
We combine a survey and an experiment with real pay-out among Peking University students to measure and validate individual risk attitudes. The experiment involves choosing between a cash payment and playing a lottery. The survey questions ask for the reservation price of a hypothetical lottery...
Persistent link: https://www.econbiz.de/10010269679