Authors
Andrew J Oswald, Nattavudh Powdthavee
Publication date
2008/6/1
Journal
Journal of public economics
Volume
92
Issue
5-6
Pages
1061-1077
Publisher
North-Holland
Description
This paper is an empirical study of partial hedonic adaptation. It provides longitudinal evidence that people who become disabled go on to exhibit considerable recovery in mental well-being. In fixed-effects equations we estimate the degree of hedonic adaptation at — depending on the severity of the disability — approximately 30% to 50%. Our calculations should be viewed as illustrative; more research, on other data sets, is needed. Nevertheless, we discuss potential implications of our results for economists and the courts.
Total citations
Scholar articles
Does happiness adapt? A longitudinal study of disability with implications for economists and judges
AJ Oswald, N Powdthavee - Journal of public economics, 2008