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来源类型Working Paper
规范类型报告
DOI10.3386/w18927
来源IDWorking Paper 18927
Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices
Daniel J. Benjamin; Ori Heffetz; Miles S. Kimball; Alex Rees-Jones
发表日期2013-03-28
出版年2013
语种英语
摘要We survey 561 students from U.S. medical schools shortly after they submit choice rankings over residencies to the National Resident Matching Program. We elicit (a) these choice rankings, (b) anticipated subjective well-being (SWB) rankings, and (c) expected features of the residencies (such as prestige). We find substantial differences between choice and anticipated-SWB rankings in the implied tradeoffs between residency features. In our data, evaluative SWB measures (life satisfaction and Cantril's ladder) imply tradeoffs closer to choice than does affective happiness (even time-integrated), and as close as do multi-measure SWB indices. We discuss implications for using SWB data in applied work.
主题Econometrics ; Data Collection ; Microeconomics ; Behavioral Economics ; Welfare and Collective Choice
URLhttps://www.nber.org/papers/w18927
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/576602
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GB/T 7714
Daniel J. Benjamin,Ori Heffetz,Miles S. Kimball,et al. Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices. 2013.
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