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We propose a mathematical model of `approximate' interpersonal comparisons of well-being, in terms of an incomplete preorder over a space of `psychophysical states'. We argue that this model is consistent with people's intuitions about interpersonal comparisons, intertemporal preferences, and...
Persistent link: https://www.econbiz.de/10008646797
We develop a model of preference aggregation where people's psychological characteristics are mutable (hence, potential objects of individual or social choice), their preferences may be incomplete, and approximate interpersonal comparisons of well-being are possible. Formally, we consider...
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Profit taxes are widely acknowledged to influence the location of firms' headquarters. This paper sheds light on the role of aspects of labor taxation for the international location of headquarters. While profit taxes can be avoided in various ways, it is much harder for firms to manipulate the...
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The lore on whether older Americans move is mixed. While the familiar stereotype is that retirees flock to Florida or Arizona, prior studies have found that their home equity rises modestly over time, suggesting that they tend to stay put. This paper examines moving trends, determinants, and...
Persistent link: https://www.econbiz.de/10011258896
The happiness literature provides evidence on various factors, other than money, that do seem to contribute to individual happiness. As one explores the produced “happiness socioeconomics” literature, it is direct to understand the difficulty to find proper information on developing...
Persistent link: https://www.econbiz.de/10011260609
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