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In a recent paper, Pratt and Zeckhauser (JPE, 1996) discuss the measure of individuals' willingness to pay (WTP) for the reduction of risks to their lives which should be used for public decisions on risk-reducing projects. They suggest to correct observed WTP for the "dead-anyway" effect, which...
Persistent link: https://www.econbiz.de/10011434254
In a recent paper, Pratt and Zeckhauser (JPE, 1996) discuss the measure of individuals' willingness to pay (WTP) for the reduction of risks to their lives which should be used for public decisions on risk-reducing projects. They suggest to correct observed WTP for the "dead-anyway" effect, which...
Persistent link: https://www.econbiz.de/10014122387
Persistent link: https://www.econbiz.de/10013436140
Many studies have shown that childhood circumstances can have long term consequences that persist until old age. To better understand the transmission of early life circumstances, this paper analyses the effects of health and financial situation during childhood on quality of life after...
Persistent link: https://www.econbiz.de/10011998811
Persistent link: https://www.econbiz.de/10010498684
associated with late-life trajectories of well-being. Associations were independent of key correlates of well-being and mortality …
Persistent link: https://www.econbiz.de/10011450998
examining whether and how levels of and changes in life satisfaction prospectively predict mortality hazards and delineate the … showed that lower levels and steeper declines of life satisfaction each uniquely predicted higher mortality risks. Results … effects for mortality hazards among older adults. Perceived control is associated with lower mortality hazards; however, this …
Persistent link: https://www.econbiz.de/10011701181
findings suggest that mortality-related mechanisms drive late-life changes in well-being and highlight the need for further …
Persistent link: https://www.econbiz.de/10008825081
Persistent link: https://www.econbiz.de/10011422011
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10011308432