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“I'm afraid I have bad news for you…” Estimating the impact of different health impairments on subjective well-being

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  • Binder, Martin
  • Coad, Alex

Abstract

Bad health decreases individuals' happiness, but few studies measure the impact of specific illnesses. We apply matching estimators to examine how changes in different (objective) conditions of bad health affect subjective well-being for a sample of 100,265 observations from the British Household Panel Survey (BHPS) database (1996–2006). The strongest effect is for alcohol and drug abuse, followed by anxiety, depression and other mental illnesses, stroke and cancer. Adaptation to health impairments varies across health impairments. There is also a puzzling asymmetry: strong adverse reactions to deteriorations in health appear alongside weak increases in well-being after health improvements. In conclusion, our analysis offers a more detailed account of how bad health influences happiness than accounts focusing on how bad self-assessed health affects individual well-being.

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Bibliographic Info

Article provided by Elsevier in its journal Social Science & Medicine.

Volume (Year): 87 (2013)
Issue (Month): C ()
Pages: 155-167

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Handle: RePEc:eee:socmed:v:87:y:2013:i:c:p:155-167

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Keywords: Great Britain; Health; Illness; Happiness; Subjective well-being; Matching estimators; Propensity score matching; BHPS;

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Cited by:
  1. Alex Coad & Martin Binder, 2014. "Causal Linkages between Work and Life Satisfaction and Their Determinants in a Structural VAR Approach," Economics Working Paper Archive wp_809, Levy Economics Institute.
  2. Martin Binder, 2013. "Innovativeness and Subjective Well-Being," Social Indicators Research, Springer, vol. 111(2), pages 561-578, April.

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