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

  • Martin Binder
  • Alex Coad

Bad health can severely disrupt a person's life. We apply matching estimators to examine how changes in subjective health status as well as different (objective) conditions of bad health affect subjective well-being. The strongest effect is in the category alcohol and drug abuse, followed by anxiety, depression and other mental illnesses, stroke, diabetes and cancer. We also take into account differences in "Big Five" personality traits. Adaptation to health impairments depends strongly on the health impairment examined. There is also a puzzling asymmetry: strong adverse reactions to deteriorations in health are observed alongside weak increases in well-being after health improvements.

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File URL: ftp://137.248.191.199/RePEc/esi/discussionpapers/2011-15.pdf
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Paper provided by Philipps University Marburg, Department of Geography in its series Papers on Economics and Evolution with number 2011-15.

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Date of creation: 24 Oct 2011
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Handle: RePEc:esi:evopap:2011-15
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