In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...

In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...

In this paper, I contrast the effects of individual and spousal disability on subjective well-being and labor supply using data on couples from the German Socio-Economic Panel for the years 1984–2006. I find almost no effects in terms of labor market outcomes for both men and women, which...