Publication type
Conference Paper
Series
June 1-2, 2007 Workshop at the University of Chicago, Preliminary Draft
Authors
Publication date
June 1, 2007
Abstract:
This paper studies the mental distress caused by bereavement. We find that the largest emotional losses are from the death of a spouse; the second-worst in severity are the losses from the death of a child; third-worst is the death of a parent. The paper demonstrates how happiness equations might be used in tort cases to calculate hedonic damages. We examine alternative well-being variables, discuss adaptation, and suggest a procedure for correcting for the endogeneity of income.
Subjects
Link
- http://www2.warwick.ac.uk/fac/soc/economics/staff/faculty/oswald/jlschicagojune2007.pdf
Notes
draft paper
#509088