Finkelstein, Amy; Luttmer, Erzo F. P.; Notowidigdo, … - 2008
"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 … proxy for utility with measures of subjective well-being. We find robust evidence that the marginal utility of consumption …
