Integrating Mental Health in Welfare Evaluation: An Empirical Application
Abhiroop Mukhopadhyay () and
Tridip Ray ()
MPRA Paper from University Library of Munich, Germany
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.
JEL-codes: C10 I31 I10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cwa, nep-hap and nep-hea
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Journal Article: Integrating Mental Health in Welfare Evaluation: An Empirical Application (2009)
Working Paper: Integrating mental health in welfare evaluation: An Empirical application (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:9945
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