Please use this identifier to cite or link to this item:
Longitudinal Study: HILDA
Title: The causal effect of income on life satisfaction and the implications for the life satisfaction approach
Authors: Ambrey, C 
Publication Date: Nov-2014
Keywords: Happiness
Life satisfaction
Household, Income and Labour Dynamics in Australia (HILDA) Survey
Instrumental variable
Abstract: This paper illustrates the use of an exogenous shock (a major financial improvement) to value poor health and compares the valuation to the standard approach of using income. The findings indicate that the standard approach of using conventional income measures could overstate implicit willingness-to-pay estimates by over twice as much.
Conference: 26th PhD Conference in Economics and Business
Conference location: The Australian National University, Canberra
Keywords: Income & Finance; Satisfaction -- Life
Research collection: Conference Papers
Appears in Collections:Conference Papers

Show full item record

Page view(s)

checked on Nov 29, 2023
Google icon

Google ScholarTM


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.