Abstract
This paper investigates the relationship between partner's mental health and individual life satisfaction, using panel data and calculating the monetary valuation of mental illness. Accounting for measurement error and endogeneity of income, partners' mental health has a significant association with individual well-being. The additional income needed to compensate someone living with a partner with a mental condition is substantial (ranges between USD 33,000 and USD 50,000). Further, individuals do not show adaptation to partners' mental illness. The results have implications for policy-makers wishing to value the effects of policies that aim to impact on mental health and levels of well-being.
| Original language | English |
|---|---|
| Pages (from-to) | 494-516 |
| Number of pages | 23 |
| Journal | Scottish Journal of Political Economy |
| Volume | 68 |
| Issue number | 4 |
| Early online date | 27 Aug 2021 |
| DOIs | |
| Publication status | Published - 1 Sept 2021 |
Bibliographical note
Funding Information:This research was partially funded by the UIC Grant 142040582 from the University of Wollongong, Australia. Funding support from the University of Aberdeen is gratefully acknowledged. The Health Economics Research Unit is funded in part by the Chief Scientist Office of the Scottish Government Health and Social Care Directorates.
Keywords
- mental health
- monetary valuation
- well-being
