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Permanent URL to this publication: http://dx.doi.org/10.5167/uzh-52349

Oswald, Andrew J; Powdthavee, Nattavudh (2008). Death, Happiness, and the Calculation of Compensatory Damages. Working paper series / Institute for Empirical Research in Economics No. 396, University of Zurich.

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Abstract

"This paper studies the mental distress caused by bereavement. The largest emotional losses are from the death of a spouse; the second-worst in severitynare the losses from the death of a child; the third-worst is the death of a parent. The paper explores how happiness regression equations might benused in tort cases to calculate compensatory damages for emotional harm and pain-and-suffering. We examine alternative well-being variables, discuss adaptation, consider the possibility that bereavement affects someone’s marginal utility of income, and suggest a procedure forncorrecting for the endogeneity of income. Although the paper’s contribution is methodological, and further research is needed, some illustrative compensation amounts are discussed."

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
DDC:330 Economics
Language:English
Date:November 2008
Deposited On:29 Nov 2011 23:47
Last Modified:09 Jul 2012 07:03
Series Name:Working paper series / Institute for Empirical Research in Economics
ISSN:1424-0459
Official URL:http://www.econ.uzh.ch/wp.html

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