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Do more of those in misery suffer from poverty, unemployment or mental illness?

Fleche, Sarah; Layard, Peter R. G. - 2015

from unemployment, poverty, physical ill health, and mental illness. The largest proportion suffer from mental illness …. Multiple regression shows that mental illness is not highly correlated with poverty or unemployment, and that it contributes … more to explaining the presence of misery than is explained by either poverty or unemployment. This holds both with and …

Persistent link: https://www.econbiz.de/10011312724

The marginal utility of income

Layard, Peter R. G.; Mayraz, Guy; Nickell, Stephen J. - 2008 - Revised version

In normative public economics it is crucial to know how fast the marginal utility of income declines as income increases. One needs this parameter for cost-benefit analysis, for optimal taxation and for the (Atkinson) measurement of inequality. We estimate this parameter using four large...

Persistent link: https://www.econbiz.de/10011630578

Does the choice of well-being measure matter empirically? : an illustration with German data

Decancq, Koen; Neumann, Dirk - 2014

We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...

Persistent link: https://www.econbiz.de/10010462001