Chronic pain clearly lowers utility, but it is empirically challenging to estimate the monetary compensation needed to offset this utility reduction. We use the subjective well-being method to estimate the value of pain relief among individuals age 50 and older. We use a sample of 64,205...

Chronic pain clearly lowers utility, but it is empirically challenging to estimate the monetary compensation needed to offset this utility reduction. We use the subjective well-being method to estimate the value of pain relief among individuals age 50 and older. We use a sample of 64,205...

Within the vast body of literature on the relationship between mental disorders and life satisfaction, no satisfactory treatment has been proposed to deal with the bi-directional relationship between the two. We estimate the causal effect of depression and anxiety on life satisfaction by...