Reviewed by Thomas J. CatalanoFact checked by Michael RosenstonReviewed by Thomas J. CatalanoFact checked by Michael ...

The marginal utility of income is the change in human satisfaction resulting from an increase or decrease in an individual's income.

This is a preview. Log in through your library . Abstract We estimate how the marginal utility of consumption varies with health. To do so, we develop a simple model in which the impact of health on ...