The Inequality-adjusted Human Development Index (IHDI) was adopted in the 20th anniversary edition of the <italic>Human Development Reports</italic>, in 2010. In using a penalty set-up for the calculations of the IHDI, however, the results overestimated the adjustments. This article suggests a revision to the...

The subjective well-being approach to environmental valuation is applied to analyze the valuation of greenhouse gas emissions with a fairness-adjustment in the valuation exercise. Results indicate that industrialized countries have high willingness-to-pay to reduce emissions. Developing...

A procedure for identifying the happy individuals in society is indispensable to efforts to align public policy with the needs of the citizenry. Individual self-reports on happiness, however, must first meet the dual requirements of cardinality and (at least) relative interpersonal comparability...

The paper presents evidence of a positive but very small long-run relationship between income growth and happiness. Such finding is usually presented as a refutation of the Easterlin Paradox. The paper, however, argues that what the evidence actually reveals is that income growth has very little...

The analyses of two online surveys involving college students found evidence that using a college basketball championship as focal event resulted in unstable subjective evaluations of happiness. However, the analyses also found that the focusing illusion had modest spillover on subjective...