Oswald, Andrew J.; Powdthavee, Nattavudh - In: Journal of Public Economics 92 (2008) 5-6, pp. 1061-1077
This paper is an empirical study of partial hedonic adaptation. It provides longitudinal evidence that people who become disabled go on to exhibit considerable recovery in mental well-being. In fixed-effects equations we estimate the degree of hedonic adaptation at -- depending on the severity...