Events: detail
Death, Happiness and the Calculation of Hedonic Damages
- Hosted by:
- Westminster Business School
- Speaker:
-
Andrew Oswald, Warwick University
- Starts:
- November 13, 2007 at 05:30 pm
- Ends:
- November 13, 2007 at 07:00 pm
- Location:
- Westminster Business School, Room MR2, 35 Marylebone Road, London, NW1 5LS United Kingdom
- Maps:
Description
This paper studies the mental distress caused by bereavement. We find that the largest emotional losses are from the death of a spouse; the second-worst in severity are the losses from the death of a child; third-worst is the death of a parent. The paper demonstrates how happiness equations might be used in tort cases to calculate hedonic damages. We examine alternative well-being variables, discuss adaptation, and suggest a procedure for correcting for the endogeneity of income.
- Registration required:
- No
- Free:
- Yes
