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WHAT GOOD IS WEALTH WITHOUT HEALTH? THE EFFECT OF HEALTH ON THE MARGINAL UTILITY OF CONSUMPTION

✍ Scribed by Finkelstein, Amy; Luttmer, Erzo F. P.; Notowidigdo, Matthew J.

Book ID
119856947
Publisher
MIT Press
Year
2013
Tongue
English
Weight
809 KB
Volume
11
Category
Article
ISSN
1542-4766

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WHAT GOOD IS WEALTH WITHOUT HEALTH? THE
WHAT GOOD IS WEALTH WITHOUT HEALTH? THE EFFECT OF HEALTH ON THE MARGINAL UTILITY OF CONSUMPTION
✍ Finkelstein, Amy; Luttmer, Erzo F. P.; Notowidigdo, Matthew J. πŸ“‚ Article πŸ“… 2013 πŸ› MIT Press 🌐 English βš– 809 KB

We estimate how the marginal utility of consumption varies with health. To do so, we develop a simple model in which the impact of health on the marginal utility of consumption can be estimated from data on permanent income, health, and utility proxies. We estimate the model using the Health and Ret