| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23649 |
| 来源ID | Working Paper 23649 |
| Valuing Pain using the Subjective Well-being Method | |
| Thorhildur Ólafsdóttir; Tinna Laufey Ásgeirsdóttir; Edward C. Norton | |
| 发表日期 | 2017-08-07 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Chronic pain clearly lowers utility, but it is empirically challenging to estimate the monetary compensation needed to offset this utility reduction. We use the subjective well-being method to estimate the value of pain relief among individuals age 50 and older. We use a sample of 64,205 observations from 4 waves (2008-2014) of the Health and Retirement Study, a nationally representative individual-level survey data, permitting us to control for individual heterogeneity. Our models, which allow for nonlinear effects in income, show the value of avoiding pain ranging between 56 to 145 USD per day. These results are lower than previously reported, suggesting that the value of pain relief varies by income levels. Thus, previous estimates of the value of pain relief assuming constant monetary compensation for pain across income levels are heavily affected by the highest income level. Furthermore, we find that the value of pain relief increases with pain severity. |
| 主题 | Health, Education, and Welfare ; Health |
| URL | https://www.nber.org/papers/w23649 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581323 |
| 推荐引用方式 GB/T 7714 | Thorhildur Ólafsdóttir,Tinna Laufey Ásgeirsdóttir,Edward C. Norton. Valuing Pain using the Subjective Well-being Method. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23649.pdf（1300KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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