Health, Happiness and Adaptation: an economic perspective

Antonio Bariletti and Guido Citoni
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Antonio Bariletti: University of Cassino
Guido Citoni: University of Rome "La Sapienza"

No 2010-06, Working Papers from Universita' di Cassino, Dipartimento di Economia e Giurisprudenza

Abstract: In this paper we present a theoretical framework for the analysis of the economic relevance of adaptation as an "happiness engine" in bad health conditions. Positing that for a given individual the level of health is quite separate from the degree of adaptation and its effect on happiness, we aim to verify if gaps between health and happiness do exist and which factors can be connected to them. Having provided a general model of health related happiness determination structured on three happiness components, we define the adaptation process and the relevance of its monetary and non-monetary costs. We then test some features of the model using data from the SHARE survey of health, ageing and retirement in Europe (Release 2.0.1, 2007). We eventually conclude with some suggestions for future research and present a number of actual options for health policy.

Keywords: Happiness; Adaptation; Health; SHARE; Adaptation Costs; Health Psychology; Economic Psychology (search for similar items in EconPapers)
JEL-codes: A12 H51 I1 I12 I18 Z13 (search for similar items in EconPapers)
Pages: 34 pages
Date: 2010-11-29
New Economics Papers: this item is included in nep-hap and nep-hea
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