Friday, November 2, 2007

Day of the Dead and the Dismal Science

"Finados", a national holiday in Brazil, is not as entertaining as the Dia de los Muertos in Mexico. So, the post today will be quite morbid.
What is the monetary value of a death of a loved one? That is, what is the monetary value that would take you back to the same indifferent curve? Instead of asking people, this study used happiness studies to calculate it. The results are surprising:

Your partner has the highest value and it worths more than the sum of the your mother and father! Policy recommendation: take care of your partner. He/She is much more important for your happiness than you think.

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