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Well-Being Inequality and Reference Groups - An Agenda for New Research
van Praag, Bernard M.S. - 2010
In this paper it is argued that subjective well-being of the individual depends on two types of variables. The first type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables consists of the characteristics of the individuals...
Persistent link: https://www.econbiz.de/10010325687
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Inequality aversion and risk attitudes
Ferrer-i-Carbonell, Ada; Ramos Morilla, Xavier - 2010
Using self reported measures of life satisfaction and risk attitudes, we empirically test whether there is a relationship between individuals inequality and risk aversion. The empirical analysis uses the German SOEP household panel for the years 1997 to 2007 to conclude that the negative effect...
Persistent link: https://www.econbiz.de/10003934990
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Well-being inequality and reference groups : an agenda for new research
Praag, Bernard M. S. van - 2010
In this paper it is argued that subjective well-being of the individual depends on two types of variables. The first type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables consists of the characteristics of the individuals...
Persistent link: https://www.econbiz.de/10003937883
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Estimating social preferences using stated satisfaction: novel support for inequity aversion
Diaz, Lina; Houser, Daniel; Ifcher, John; Zarghamee, Homa S. - 2021
In this paper, we use stated satisfaction to estimate social preferences: subjects report their satisfaction with payment-profiles that hold their own payment constant while varying another subject's payment. This approach yields significant support for the inequity aversion model of Fehr and...
Persistent link: https://www.econbiz.de/10012517850
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Recoupling economic and social prosperity
Lima de Miranda, Katharina; Snower, Dennis J. - 2020
-being - solidarity (S) and agency (A) - to be considered alongside the standard indexes of material gain (G) and environmental … needs of humans as social creatures, living in societies that generate a sense of social belonging. The agency index … conventionally measured through GDP per capita, "social prosperity" can be measured through our solidarity and agency indexes …
Persistent link: https://www.econbiz.de/10012178514
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Going beyond GDP with a parsimonious indicator : inequality-adjusted healthy lifetime income
Bloom, David E.; Fan, Victoria Y.; Kufenko, Vadim; … - 2020
Per capita GDP has limited use as a well-being indicator because it does not capture many dimensions that imply a "good life", such as health and equality of opportunity. However, per capita GDP has the virtues of easy interpretation and can be calculated with manageable data requirements....
Persistent link: https://www.econbiz.de/10012169722
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Prioritarianism and equality of opportunity
Brunori, Paolo; Ferreira, Francisco H. G.; Peragine, … - 2021
This paper asks whether prioritarianism - the view that social welfare orderings should give explicit priority to the worse-off - is consistent with the normative theory of equality of opportunity. We show that there are inherent tensions between some of the axioms underpinning prioritarianism...
Persistent link: https://www.econbiz.de/10012431403
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"Covid-19 and income inequality in OECD countries" : a methodological comment
Stark, Oded - 2023
Wildman (2021), who identifies "a clear association between income inequality [measured by the Gini coefficient] and COVID-19 cases and deaths," concludes that "a goal of government should be to reduce [income] inequalities and [thereby] improve [the COVID-19 outcomes /] underlying health of...
Persistent link: https://www.econbiz.de/10014310823
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On a tendency in health economics to dwell on income inequality and underestimate social stress
Stark, Oded - 2023
Social stress can cause physical and mental harm. It is therefore not surprising that public health policy makers have sought to identify and implement policies aimed at tackling this social ill. A frequently prescribed remedy is to reduce social stress by reducing income inequality, which is...
Persistent link: https://www.econbiz.de/10014278609
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Well-Being Inequality and Reference Groups - An Agenda for New Research
van Praag, B.M.S - 2010
It is argued that the concept of well-being inequality cannot be properly defined without taking the reference process into account. The reference effect depends on how frequently individuals compare with others and on the degree of social transparency in society. In this paper we employ the...
Persistent link: https://www.econbiz.de/10014191144