Allowing for heterogeneity in monetary subjective well-being valuations
Abstract
Recent research on 'happiness' regression equations has shown how monetary values can be put on the well-being effects of many life events (like health problems, marriage or the death of a spouse). Potentially, such work has practical implications for policy-makers and the courts. However, this article argues that we need to be careful in such work to use the appropriate statistical method. It goes beyond previous research and allows for...
Paper Details
Title
Allowing for heterogeneity in monetary subjective well-being valuations
Published Date
Feb 9, 2011
Journal
Volume
20
Issue
3
Pages
331 - 347
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