tag:blogger.com,1999:blog-5713178645208582139.post3578494789075089458..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Why Recessions are Bad...for Your HappinessDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5713178645208582139.post-23184799235641231962008-04-01T15:06:00.000-05:002008-04-01T15:06:00.000-05:00Absolutely. I think it's all really fascinating, ...Absolutely. I think it's all really fascinating, actually, even if it is kind of obvious. What it suggests to me is that health is not always a normal good for all people. Many people are choosing, optimally, to have worse health, because the costs of improving their health exceed the marginal benefit of doing so. Maybe because they are myopic, and so heavily discount the future gains. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-90264634958165066162008-04-01T15:04:00.000-05:002008-04-01T15:04:00.000-05:00This comment has been removed by the author.scott cunninghamhttps://www.blogger.com/profile/03029667343447086401noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-3355502423647265152008-04-01T12:48:00.000-05:002008-04-01T12:48:00.000-05:00Great line Scott. Yes, these authors have rigorou...Great line Scott. Yes, these authors have rigorously shown the obvious, but it provides a nice counterpoint to the Ruhm papers I cited on my previous posting.David Beckworthhttps://www.blogger.com/profile/04577612979801459194noreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-89759577556616772702008-04-01T08:38:00.000-05:002008-04-01T08:38:00.000-05:00Chalk these studies up to the "economics of the ob...Chalk these studies up to the "economics of the obvious," but apparently, hurricane Katrina <A HREF="http://www.nber.org/papers/w12062" REL="nofollow">also made people unhappy</A>. Go figure! <BR/><BR/>- scott cunninghamAnonymousnoreply@blogger.com