', SWB has recently been compared to 'decision utility' using specific experiments, most often based on stated preferences …Subjective well-being (SWB) data is increasingly used to perform welfare analyses. Interpreted as 'experienced utility …

these two sets of results. This kind of validation of experienced utility via direct comparison with decision utility …

highly convex, even after conditioning on unobserved and observed skills. Skill heterogeneity is also found to be over …-estimated when non-linearity is ignored. After conditioning on skill heterogeneity, I also find evidence of non-separability between …

's common restrictions on the curvature of the decision-makers utility function can dramatically bias the altruism parameter. We … aversion or diminishing marginal utility, i.e., men versus women, giving motivated by pure versus warm glow motives, and …

ignoring the household as unit of decision-making has relevant empirical consequences. In estimation, the individual search … individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy … experiments emphasize the importance of looking at lifetime utility inequality measures as opposed to simply cross-sectional wage …