This paper econometrically examines the impact of aid on the well-being of population sub-groups within 48 developing countries. This is a radical departure from previous empirical research of aid effectiveness at the country level, which has looked mainly at the relationship between aid and...

This paper argues that the evaluation of a society's economic well-being should account for the employment risk associated with being a temporary worker and for the relative income loss of young generations with respect to older ones. We show that the inclusion of new measures of both these...

In the recent years a large literature on indicators of well-being and quality of life has proliferated, all departing from a strict economic view of these phenomena. While all these indicators sign an important step for the recognition of well-being as a multidimensional phenomenon, they are...

Individuals’ aversion to risk and inequality, and their concern for relative standing, are measured through experimental choices between hypothetical societies. It is found that on average individuals are both fairly inequality-averse and have a strong concern for relative income. The results...

This study investigates the effects of social comparison accompanying a substantial reform of the Dutch pension system on the job satisfaction of workers who are close to retirement. The reform implies that public sector workers born on January 1, 1950, or later face a considerable reduction in...

This paper focuses on two main issues which are crucial for improving on the analysis of multidimensional inequality: the effect of both the dispersion of well-being attributes across individuals and the interaction among attributes on the measurement of multidimensional well-being. To approach...