• Publications
  • Influence
Saving and Liquidity Constraints
This paper is concerned with the theory of saving when consumers are not permitted to borrow, and with the ability of such a theory to account for some of the stylized facts of saving behavior. When
Guidelines for Constructing Consumption Aggregates for Welfare Analysis
An analyst using household survey data to construct a welfare metric is often confronted with onfronted with An analyst using household survey data to construct a welfare metric is often confronted
Income, health, and well-being around the world: evidence from the Gallup World Poll.
  • A. Deaton
  • Political Science, Medicine
    The journal of economic perspectives : a journal…
  • 1 April 2008
The lack of correlations between life and health satisfaction and health measures shows that happiness (or self-reported health) measures cannot be regarded as useful summary indicators of human welfare in international comparisons.
Health, Inequality, and Economic Development
I explore the connection between income inequality and health in both poor and rich countries. I discuss a range of mechanisms, including nonlinear income effects, credit restrictions, nutritional
Intertemporal Choice and Inequality
The permanent income hypothesis implies that, for any cohort of people born at the same time, inequality in both consumption and income should grow with age. We investigate this prediction using
High income improves evaluation of life but not emotional well-being
  • D. Kahneman, A. Deaton
  • Psychology, Medicine
    Proceedings of the National Academy of Sciences
  • 7 September 2010
It is concluded that high income buys life satisfaction but not happiness, and that low income is associated both with low life evaluation and low emotional well-being.
Rising morbidity and mortality in midlife among white non-Hispanic Americans in the 21st century
  • A. Case, A. Deaton
  • Medicine
    Proceedings of the National Academy of Sciences
  • 2 November 2015
A marked increase in the all-cause mortality of middle-aged white non-Hispanic men and women in the United States between 1999 and 2013 reversed decades of progress in mortality and was unique to the United United States; no other rich country saw a similar turnaround.
Food and nutrition in India: facts and interpretations.
This paper reviews recent evidence on food intake and nutrition in India. It attempts to make sense of various puzzles, particularly the decline of average calorie intake during the last 25 years.
Consumption , Aggregate Wealth , and Expected Stock Returns
This paper studies the role of fluctuations in the aggregate consumption-wealth ratio for predicting stock returns. Using U.S. quarterly stock market data, we find that these fluctuations in the
Large Cash Transfers to the Elderly in South Africa
We examine the social pension in South Africa, where large cash sumsþabout twice the median per capita income of African householdsþare paid to people qualified by age but irrespective of previous