Allowing for heterogeneity in monetary subjective well-being valuations

Mentzakis, Emmanouil (2011) Allowing for heterogeneity in monetary subjective well-being valuations. Health Economics, 20, (3), 331-347. (doi:10.1002/hec.1592).


Download (592Kb) | Preview
Original Publication URL:


Recent research on lsquohappinessrsquo 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 heterogeneity in the subjective well-being scales. Using less restrictive models than the current literature, the article argues that standard linear or ordered response models seem consistently to overstate valuations. With data from the UK, it provides new monetary estimates of the well-being consequences of a number of health problems, social capital indicators, marital status changes and social relationships. Copyright © 2010 John Wiley & Sons, Ltd.

Item Type: Article
Digital Object Identifier (DOI): doi:10.1002/hec.1592
ISSNs: 1057-9230 (print)
1099-1050 (electronic)
Related URLs:
Subjects: H Social Sciences > H Social Sciences (General)
R Medicine > RA Public aspects of medicine
Divisions : Faculty of Social and Human Sciences > Social Sciences
ePrint ID: 345159
Accepted Date and Publication Date:
March 2010In press
Date Deposited: 13 Nov 2012 16:34
Last Modified: 31 Mar 2016 14:37

Actions (login required)

View Item View Item

Downloads from ePrints over the past year. Other digital versions may also be available to download e.g. from the publisher's website.

View more statistics