Please use this identifier to cite or link to this item: https://hdl.handle.net/10620/17796
Longitudinal Study: HILDA
Title: The causal effect of income on life satisfaction and the implications for the life satisfaction approach
Authors: Ambrey, C 
Ambrey, C. L. 
Issue Date: 2-Jan-2014
Keywords: Happiness
Life satisfaction
Income
Household, Income and Labour Dynamics in Australia (HILDA) Survey
Instrumental variable
Abstract: This paper illustrates the use of an exogenous shock (a major financial improvement) to value poor health and compares the valuation to the standard approach of using income. The findings indicate that the standard approach of using conventional income measures could overstate implicit willingness-to-pay estimates by over twice as much.
metadata.dc.description.conferencename: 26th PhD Conference in Economics and Business
metadata.dc.description.conferencelocation: The Australian National University
URL: https://rse.anu.edu.au/news_events/phd_conference_papers/Ambrey,%20Chris.pdf
Keywords: Income & Finance; Satisfaction -- Life
Research collection: Conference Papers
Appears in Collections:Conference Papers

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