Exam 2, May 2026

performed Data Analysis on a ecommerce Dataset.

This document presents an Extended Cost-Effectiveness Analysis (ECEA) of the Empower Health intervention compared to usual care in Kenya, following the methodology developed by Verguet et al. (2016). ECEA extends traditional cost-effectiveness analysis by incorporating: Financial risk protection (catastrophic health expenditures and poverty averted) Distributional consequences across wealth quintiles Equity weights to value health gains among the poor Insurance value (risk premium reduction) Health insurance coverage and its impact on out-of-pocket costs

This document presents an Extended Cost-Effectiveness Analysis (ECEA) of the Empower Health intervention compared to usual care in Kenya, following the methodology developed by Verguet et al. (2016). ECEA extends traditional cost-effectiveness analysis by incorporating: Financial risk protection (catastrophic health expenditures and poverty averted) Distributional consequences across wealth quintiles Equity weights to value health gains among the poor Insurance value (risk premium reduction) Health insurance coverage and its impact on out-of-pocket costs

Life satisfaction is often treated as a personal outcome something economics tries to improve. But what if it also shapes how citizens engage with democracy? Using longitudinal data from the German Socio-Economic Panel (SOEP), this study estimates whether individuals who report higher life satisfaction are more politically interested and more likely to participate in local politics and whether this relationship strengthens or weakens with age. The analysis applies OLS regression with interaction effects, and tests whether political interest mediates the path from happiness to participation. The findings are more nuanced than the headline suggests.