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What Good is Wealth Without Health? The Effect of Health on the Marginal Utility of Consumption
Finkelstein, Amy - 2010
We estimate how the marginal utility of consumption varies with health. To do so, we develop a simple model in which the impact of health on the marginal utility of consumption can be estimated from data on permanent income, health, and utility proxies. We estimate the model using the Health and...
Persistent link: https://www.econbiz.de/10012759209
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Insuring Consumption and Happiness Through Religious Organizations
Dehejia, Rajeev H. - 2010
of happiness. Using data from the Consumer Expenditure Survey (CEX), we examine whether households who contribute to a … services are able to insure their stream of happiness against income shocks and find strong happiness insurance effects for …
Persistent link: https://www.econbiz.de/10012762393