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significantly moderated by an increase in happiness for the person making the judgment. …
Persistent link: https://www.econbiz.de/10009771743
This paper uses the wellbeing valuation (WV) approach to estimate and monetize the wellbeing impacts of informal care provision on caregivers. Using nationally representative longitudinal data from the U.K., we address two challenging methodological issues related to the economic valuation of...
Persistent link: https://www.econbiz.de/10011865578
Persistent link: https://www.econbiz.de/10011772750
This paper provides an empirical test of the rational addiction model, used in economics to model individuals' consumption of addictive substances, versus the utility misprediction model, used in psychology to explain the discrepancy between people's decision and their subsequent experiences. By...
Persistent link: https://www.econbiz.de/10011764676
Persistent link: https://www.econbiz.de/10013433632
This paper documents a longitudinal crisis of midlife among the inhabitants of rich nations. Yet middle-aged citizens in our data sets are close to their peak earnings, have typically experienced little or no illness, reside in some of the safest countries in the world, and live in the most...
Persistent link: https://www.econbiz.de/10013367287
Persistent link: https://www.econbiz.de/10013390998
The positive relationship between trust and happiness has been demonstrated by the literature. However, it is not clear … probe how the relationship between trust and happiness was influenced by the Great East Japan Earthquake by comparing the …-determined positive relationship between trust and happiness and this relationship was strengthened by disaster, especially for residents …
Persistent link: https://www.econbiz.de/10011421492
This paper uses the wellbeing valuation (WV) approach to estimate and monetize the wellbeing impacts of informal care provision on caregivers. Using nationally representative longitudinal data from the U.K., we address two challenging methodological issues related to the economic valuation of...
Persistent link: https://www.econbiz.de/10011873549
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/10010267773