
The Library
Death, happiness and the calculation of compensatory damages
Tools
Oswald, Andrew J. and Powdthavee, Nattavudh (2007) Death, happiness and the calculation of compensatory damages. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.827).
![]()
|
PDF
WRAP_Oswald_twerp_827.pdf - Requires a PDF viewer. Download (149Kb) |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
This paper studies the mental distress caused by bereavement. The largest emotional losses are from the death of a spouse; the second-worst in severity are the losses from the death of a child; the third-worst is the death of a parent. The paper explores how happiness regression equations might be used in tort cases to calculate compensatory damages for emotional harm and pain-and-suffering. We examine alternative well-being variables, discuss adaptation, consider the possibility that bereavement affects someone’s marginal utility of income, and suggest a procedure for correcting for the endogeneity of income. Although the paper’s contribution is methodological, and further research is needed, some illustrative compensation amounts are discussed.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
---|---|---|---|---|---|
Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Bereavement -- Psychological aspects, Happiness, Regression analysis -- Mathematical models, Reparation (Criminal justice), Marginal utility | ||||
Series Name: | Warwick economic research papers | ||||
Publisher: | University of Warwick, Department of Economics | ||||
Place of Publication: | Coventry | ||||
Official Date: | 31 October 2007 | ||||
Dates: |
|
||||
Number: | No.827 | ||||
Number of Pages: | 44 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Funder: | Economic and Social Research Council (Great Britain) (ESRC) | ||||
Version or Related Resource: | Oswald, A.J., and Powdthavee, N. (2008). Death, Happiness, and the Calculation of Compensatory Damages. The Journal of Legal Studies, 37(2), pp. S217-S251. http://wrap.warwick.ac.uk/id/eprint/28759 | ||||
Related URLs: |
Request changes or add full text files to a record
Repository staff actions (login required)
![]() |
View Item |