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The shadow prices of voluntary caregiving : using panel data of well-being to estimate the cost of informal care
McDonald, Rebecca; Powdthavee, Nattavudh - 2018
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
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Do people choose what makes them happy and how do they decide at all? : a theoretical inquiry
Scheuer, Niklas - 2020
We develop a theoretical model that jointly explains optimal choices and happiness. We work with constant elasticity of … substitution functions for utility and happiness. Employing a choice framework, individuals are confronted with two options. When … there exists a trade-off, we determine parametric conditions for which individual happiness and utility coincide as well as …
Persistent link: https://www.econbiz.de/10012422914
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Equality of opportunity for well-being
Mahler, Daniel Gerszon; Ramos Morilla, Xavier - 2017
A growing literature has tried to measure the extent to which individuals have equal opportunities to acquire income. At the same time, policy makers have doubled down on efforts to go beyond income when measuring well- being. We attempt to bridge these two areas by measuring the extent to which...
Persistent link: https://www.econbiz.de/10011716166
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Equality of opportunity for well-being
Mahler, Daniel Gerszon; Ramos Morilla, Xavier - 2017
A growing literature has tried to measure the extent to which individuals have equal opportunities to acquire income. At the same time, policy makers have doubled down on efforts to go beyond income when measuring well-being. We attempt to bridge these two areas by measuring the extent to which...
Persistent link: https://www.econbiz.de/10011717717
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Does female breadwinning make partnerships less healthy or less stable?
Foster, Gigi; Stratton, Leslie S. - 2018
Economists increasingly accept that social norms have powerful effects on human behavior and outcomes. In recent history, one norm widely adhered to in most developed nations has been for men to be the primary breadwinner within mixed-gender households. As women have entered the labor market in...
Persistent link: https://www.econbiz.de/10011948995
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As innovations drive economic growth, do they also raise well-being?
Binder, Martin; Witt, Ulrich - 2011
While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One reason for this are ambivalent effects of innovations on well-being that result from pecuniary and technological externalities of innovations, argued to be inevitable. Another...
Persistent link: https://www.econbiz.de/10010281855
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What money can't buy: The relevance of income redistribution for functioning levels
Lelli, Sara - 2004
This paper relates Amartya Sen’s capability approach to the literature on equivalence scales. Synthetic indicators of well-being are constructed by adjusting individual incomes for differences in functionings. An exploratory comparative application to Italian and Belgian data illustrates the...
Persistent link: https://www.econbiz.de/10010284886
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A new perspective on the economic valuation of informal care : the well-being approach revisited
Kehl, Konstantin; Stahlschmidt, Stephan - 2013
Informal care has drawn much attention among scholars and policymakers as it concerns an essential but hard to evaluate resource of welfare. Albeit several studies addressed the monetary value of informal care, differences in the relationship between caregivers and recipients have often been...
Persistent link: https://www.econbiz.de/10009777865
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A new perspective on the economic valuation of informal care : the well-being approach revisited
Kehl, Konstantin; Stahlschmidt, Stephan - 2013 - Rev.
Informal care has drawn much attention among scholars and policymakers as it concerns an essential but hard to evaluate resource of welfare. Albeit several studies addressed the monetary value of informal care, differences in the relationship between caregivers and recipients have often been...
Persistent link: https://www.econbiz.de/10010248501
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Does happiness adapt? A longitudinal study of disability with implications for economists and judges
Oswald, Andrew J.; Powdthavee, Nattavudh - 2006
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