Arbeitspapier
Traffic accident experience and subjective well-being
In this paper we aim to use a posteriori approach to estimate the monetary compensation that would keep the individual's subjective well-being unchanged after experiencing traffic accidents. The coefficients of the life satisfaction equation, estimated with Swedish data collected in May 2020, indicated no statistically significant association between accident experience and life satisfaction. This result is in line with the extensive empirical research on hedonic adaptation that suggests individuals' tendency to adapt relatively fast to new life circumstances and highlights the importance of knowing the time of the accident in order to draw conclusions about when and what monetary compensation might be needed to keep the individuals' life satisfaction unchanged when experiencing, directly or indirectly, a traffic accident.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 9/2022
- Klassifikation
-
Wirtschaft
Value Theory
Externalities
General Welfare; Well-Being
Transportation: Demand, Supply, and Congestion; Travel Time; Safety and Accidents; Transportation Noise
- Thema
-
subjective well-being
life satisfaction
well-being valuation method
traffic accident
direct and indirect experience
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Andrén, Daniela
Tapper, Erik Johansson
- Ereignis
-
Veröffentlichung
- (wer)
-
Örebro University School of Business
- (wo)
-
Örebro
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Andrén, Daniela
- Tapper, Erik Johansson
- Örebro University School of Business
Entstanden
- 2022
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