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.
"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."
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|Item Type:||Working Paper|
|Communities & Collections:||03 Faculty of Economics > Department of Economics
Working Paper Series > Institute for Empirical Research in Economics (former)
|Dewey Decimal Classification:||330 Economics|
|Deposited On:||29 Nov 2011 22:47|
|Last Modified:||09 Jul 2012 05:03|
|Series Name:||Working paper series / Institute for Empirical Research in Economics|
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