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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...
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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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Econometric analyses in the happiness literature typically use subjective well-being (SWB) data to compare the mean of … observed or latent happiness across samples. Recent critiques show that com-paring the mean of ordinal data is only valid under … studies in the economics of happiness literature have been futile. In order to salvage some of the prior results and avoid …
Persistent link: https://www.econbiz.de/10011979193
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A historically high level of youth unemployment presents Greece with a huge social and economic challenge. This paper analyses various dimensions of this challenge. We argue that though the conventional definition of "youth" is the 16-24 age group, there is a strong case for considering 25 to...
Persistent link: https://www.econbiz.de/10010533317
applies each to large cross-sections and compares the patterns of life-satisfaction and happiness. Using the first method …
Persistent link: https://www.econbiz.de/10011724541
potential implications for economists and policy makers are discussed. -- resilience ; adaptation ; happiness ; unemployment …
Persistent link: https://www.econbiz.de/10009656125