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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Death, Happiness, and the Calculation of Compensatory Damages |
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| Institution | University of Zurich |
| Series Name | Working paper series / Institute for Empirical Research in Economics |
| Number | No. 396 |
| ISSN | 1424-0459 |
| Date | 2008 |
| Abstract Text | "This paper studies the mental distress caused by bereavement. The largest emotional losses are from the death of a spouse; the second-worst in severitynare 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 benused 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 forncorrecting for the endogeneity of income. Although the paper’s contribution is methodological, and further research is needed, some illustrative compensation amounts are discussed." |
| Official URL | http://www.econ.uzh.ch/wp.html |
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