We explore the relationships between subjective well-being and income, as seen across individuals within a given country, between countries in a given year, and as a country grows through time. We show that richer individuals in a given country are more satisfied with their lives than are poorer...

The goal of this paper is to provide a preliminary overview of empirical Capability Approach (CA) applications for high-income OECD countries. The survey aims at a basis of mutual exchange on relevant CA issues among researchers analyzing well-being in affluent countries. It focuses on CA...

The relationship between material inequality and health is the subject of considerable debate, and may depend on how the relationship is defined. This paper uses stature as its measure for cumulative health outcomes to illustrate that the 19th century relationship between material inequality and...

The use of height data to measure living standards is now a well-established method in the economic history literature. Moreover, a number of core findings in this literature are widely agreed upon. There are still some populations, places, and times, however, for which anthropometric evidence...

We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the situation with no tax policy. Thus, we point towards a new factor, viz., strategic tax policy, for increasing the incentive for a horizontal merger that has been ignored in the...

Since the famous Bosman ruling by the European Court of Justice in 1995 transfer fees for football players after moving to another club have become suspect as they are considered as an obstacle to the free movement of workers. However, in an unrestricted market free migration from football...

The literature on trade liberalization and environment has not considered federal structures. This paper shows how the design of environmental policy in a federal system has implications for the effects of trade reform. Trade liberalization leads to a decline in pollution taxes regardless of...

This paper examines the measurement of social welfare, poverty and inequality taking into account reference-dependence, loss aversion and diminishing sensitivity—aspects emphasized in Prospect Theory—to social welfare measurement. We suggest a new notion of equivalent income, the income...

Progress in closing differences in many objective outcomes for blacks relative to whites has slowed, and even worsened, over the past three decades. However, over this period the racial gap in well-being has shrunk. In the early 1970s data revealed much lower levels of subjective well]being...

Using data from late 19th and early 20th century US prisons, this study considers how black and mulatto basal metabolic rates and calories varied with economic development. During the 19th century, black physical activity and net nutrition declined during the late 19th and early 20th centuries...