|RELATED TOPICS:||Poverty Reduction and Labor|
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This paper assesses the effects of different health conditions on happiness. Based on a large data set for Latin America, the effects of different conditions are examined across age, gender, and income cohorts. Anxiety and pain have stronger effects than physical problems, likely because people can adapt better to one-time shocks than to constant uncertainty. The negative effects of health conditions are very large when compared to the effects of income on happiness. While higher peer income typically elicits envy, better peer health provides positive signals for life and health satisfaction. Nonetheless, health norms vary widely across countries. The results suggest that the life satisfaction approach applied to surveys of health may contribute to better health expenditure and policy decisions.
Using the Quality of Life Surveys conducted in Colombia in 2003 and 2008, this study finds that policy instruments aimed at easing low-income households’ access to affordable housing such as subsidies and loan guarantees have played a modest role in increasing the use of mortgages as a source of funding. Despite this, subsidies have had a significant impact on both the quality of dwelling and the ... (View publication)
This paper estimates the impact of a large temporary poverty relief program, Uruguay’s PANES—on birth outcomes. Using program administrative data and longitudinal vital statistics, a significant and precisely estimated reduction in the fraction of low-weight newborns (less than 2,500 g.) on the order of 10 to 20 percent was found to be a result of treatment. The cash (and in-kind) transfer compone ... (View publication)
Like its predecessor, (The Latin American Economic Policies Newsletter), IDEA will report on recent research on major economic and social problems affecting Latin America and the Caribbean. New features of the newsletter include information on recent RES publications and presentations, highlights from RES’ macroeconomic monitor (LatinMacroWatch), and news from RES’ numerous networks. (View publication)
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