Replication data for: Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices
Principal Investigator(s): View help for Principal Investigator(s) Daniel J. Benjamin; Ori Heffetz; Miles S. Kimball; Alex Rees-Jones
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Replication-Packet | 10/11/2019 07:37:PM | ||
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text/plain | 14.6 KB | 10/11/2019 03:37:PM |
Project Citation:
Benjamin, Daniel J., Heffetz, Ori, Kimball, Miles S., and Rees-Jones, Alex. Replication data for: Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112704V1
Project Description
Summary:
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We survey 561 students from U.S. medical schools shortly after they submit choice rankings over residencies to the National Resident Matching Program. We elicit (a) these choice rankings, (b) anticipated subjective well-being (SWB) rankings, and (c) expected features of the residencies (such as prestige). We find substantial differences between choice and anticipated-SWB rankings in the implied tradeoffs between residency features. In our data, evaluative SWB measures (life satisfaction and Cantril's ladder) imply tradeoffs closer to choice than does affective happiness (even time-integrated), and as close as do multi-measure SWB indices. We discuss implications for using SWB data in applied work.
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
I31 General Welfare; Well-Being
D12 Consumer Economics: Empirical Analysis
I31 General Welfare; Well-Being
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