Das, Sanghamitra and Mukhopadhyay, Abhiroop and Ray, Tridip (2007): Integrating Mental Health in Welfare Evaluation: An Empirical Application.
Download (105kB) | Preview
This paper presents simple measures of individual and family mental health indices based on axiomatic foundations and integrates mental health into a neoclassical model that allows for proper substitution possibilities in the family preferences and quantifies its significance in family utility. We find that mental health effects are far more important than the effect of consumption or children’s schooling in determining family utility. We illustrate the usefulness of our approach by considering the case of HIV/AIDS experience in India. Using our approach, we find that while there are no significant differences in per capita consumption and schooling between HIV and NON HIV families, the cost of HIV/AIDS are still considerably large due to the inclusion of mental health. Integrating mental health in a utility maximization framework helps us quantify these costs.
|Item Type:||MPRA Paper|
|Original Title:||Integrating Mental Health in Welfare Evaluation: An Empirical Application|
|Subjects:||C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C10 - General
I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare
I - Health, Education, and Welfare > I1 - Health > I10 - General
|Depositing User:||Tridip Ray|
|Date Deposited:||09. Aug 2008 13:29|
|Last Modified:||16. Feb 2013 09:52|
 Andres, A.R. (2004), “Determinants of Self-reported Mental Health Using the British Household Panel Survey,” Journal of Mental Health Policy and Economics, vol. 7(3), 99-106.
 Banerjee, A., Deaton, A. and Duflo, E. (2004), “Wealth, Health, and Health Services in Rural Rajasthan,” American Economic Review (Papers and Proceedings), 94 (2), 326-30.
 Blanchflower, D.G. and Oswald, A.J. (2004), “Well-being over Time in Britain and the USA,” Journal of Public Economics, vol. 88, 1359-86.
 Blanchflower, D.G. and Oswald, A.J. (2007), “Is Well-being U-shaped over the Life Cycle?” NBER Working Paper No. 12935.
 Case, A. and Deaton, A. (2006), “Health and Well-Being in Udaipur and South Africa,” forthcoming in Developments in the Economics of Aging, ed. by David Wise, University of Chicago Press.
 Clark, A. and Oswald, A. (1994), “Unhappiness and Unemployment,” Economic Journal, vol. 104, 648-59.
 Clark, A. and Oswald, A. (1997), “Happiness and Economic Performance,” Economic Journal, vol. 107, 1815-31.
 Easterlin, R. (2003), “Explaining Happiness,” Proceedings of the National Academy of Sciences, vol. 100 (19), 11176-83.
 Frey, B.S. and Stulzer, A. (2002), Happiness and Economics, Princeton University Press: Princeton.
 Gilbert, D. (2006), Stumbling on Happiness, Alfred A Knopf: New York.
 Graham, C. (2007), “The Economics of Happiness,” in The New Palgrave Dictionary of Economics, eds., S. Durlauf and L. Blume, Second Edition (forthcoming).
 Helliwell, J.F. (2006), “Well-being, Social Capital and Public Policy: What’s New?” Economic Journal, vol. 116, C34-C45.
 Kahneman, D., Krueger, A.B., Schkade, D., Schwarz, N. and Stone, A.A. (2006), “Would You be Happier if You were Richer? A Focusing illusion,” Science, vol. 312, 1908-1910.
 Keane M. (2006), Structural Vs. Atheoretic Approaches to Econometrics, Keynote address at the Duke Conference on Structural Models in Labor, Aging and Health, September 17-19, 2005.
 Kling, J., Liebman, J. and Katz, L. (2007), “Experimental Analysis of Neighborhood Effects,” Econometrica, vol. 75 (1), 83-119.
 Layard, R. (2005), Happiness: Lessons from a New Science, Allen Lane: London.
 Sen, A. (1986), “Social Choice Theory”, in Handbook of Mathematical Economics, ed. by K. J. Arrow and M. D. Intriligator, North-Holland, vol. 3, 1073-1181.