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freedom of choice, low levels of democratization, unemployment, low income, etc. Second, considering people's adaptation to …
Persistent link: https://www.econbiz.de/10010348918
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/10011865578
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/10009230278
British Cohort Study (1970). The most powerful childhood predictor of adult life-satisfaction is the child's emotional health … implications for educational policy. Among adult circumstances, family income accounts for only 0.5% of the variance of life-satisfaction …If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by …
Persistent link: https://www.econbiz.de/10010201282
, approximately 500,000 individuals. It checks that the key results are not due to cohort effects. Nor do we rely on simple life-satisfaction …
Persistent link: https://www.econbiz.de/10013388798
Economics ignores the possibility of hedonic adaptation (the idea that people bounce back from utility shocks). This paper argues that economists are wrong to do so. It provides longitudinal evidence that individuals who become disabled go on to exhibit recovery in mental wellbeing. Adaptation...
Persistent link: https://www.econbiz.de/10003411731
There is a large amount of cross-sectional evidence for a midlife low in the life cycle of human happiness and well-being (a "U shape"). Yet no genuinely longitudinal inquiry has uncovered evidence for a U-shaped pattern. Thus some researchers believe the U is a statistical artefact. We...
Persistent link: https://www.econbiz.de/10010246091
influence a measure of life satisfaction both directly and indirectly through seven different channels: (i) income; (ii … to estimate a simultaneous equations model of life satisfaction. The model allows for self-reported sexual identity to …) employment; (iii) health (iv) partner relationships; (v) children; (vi) friendship networks; and (vii) education. Lesbian, gay …
Persistent link: https://www.econbiz.de/10010345535
British Cohort Study (1970). The most powerful childhood predictor of adult life-satisfaction is the child's emotional health … implications for educational policy. Among adult circumstances, family income accounts for only 0.5% of the variance of life-satisfaction …If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by …
Persistent link: https://www.econbiz.de/10013073851
that bereavement affects someone's marginal utility of income, and suggest a procedure for correcting for the endogeneity … of income. Although the paper's contribution is methodological, and further research is needed, some illustrative …
Persistent link: https://www.econbiz.de/10012775562