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concept of happiness, i.e. self-reported level of satisfaction with income and life, and relative deprivation/satisfaction, i …-being depending more on relative satisfaction than on absolute levels of income. This finding holds even after controlling for other …
Persistent link: https://www.econbiz.de/10010272296
This paper shows how distance functions, a tool typically employed in production economics to measure the distance between a set of inputs and a set of outputs, can be employed to approximate a composite measure encompassing the many dimensions of well-being. It also illustrates how to implement...
Persistent link: https://www.econbiz.de/10010267478
This paper has a twofold purpose. It argues firstly, that analysis of income distribution should be a part of the capability approach. Secondly, it argues that the capability approach is a good theoretical foundation for analysis of income distribution. The capability approach to human advantage...
Persistent link: https://www.econbiz.de/10010284242
Abstract This paper investigates the sources of inequality in household gross and net wealth across eight euro-area countries applying the Shapley value approach to decomposition. The research draws on micro data from the Eurosystem Household Finance and Consumption Survey 2010. Dispersion in...
Persistent link: https://www.econbiz.de/10012099951
The Effect of Inheritance and Gifts on Household Net Wealth Distribution Analysed by Applying the Shapley Value Approach to Decomposition This paper analyses how microeconomic factors drive inequality in household wealth across nine European countries when applying the Shapley value approach to...
Persistent link: https://www.econbiz.de/10012099984
This paper investigates the sources of inequality in household gross and net wealth across eight euro area countries applying the Shapley value approach to decomposition. The research draws on micro data from the Eurosystem Household Finance and Consumption Survey 2010. Dispersion in bequests...
Persistent link: https://www.econbiz.de/10014363258
Expectations and information about the growth of GDP per capita have a large influence on decisions made by private and public economic agents. It will be argued here that GDP (per capita) is far from a robust indicator of social welfare, and that its use as such must be regarded as a serious...
Persistent link: https://www.econbiz.de/10010325488
This paper employs a multidimensional approach for the measurement of well-being at the top of the distribution using … nonmaterial quality of life as well as self-reported satisfaction with life as dimensions. We find that one third of the German …-being distribution has decreased over time. Moreover, health as well as life satisfaction contribute quite substantially to …
Persistent link: https://www.econbiz.de/10011601067
This paper employs a multidimensional approach for the measurement of well-being at the top of the distribution using … nonmaterial quality of life as well as self-reported satisfaction with life as dimensions. We find that one third of the German …-being distribution has decreased over time. Moreover, health as well as life satisfaction contribute quite substantially to …
Persistent link: https://www.econbiz.de/10010282585
This paper suggests multidimensional affluence measures for the top of the distribution. In contrast to commonly used top income shares, they allow the analysis of the extent, intensity and breadth of affluence in several dimensions within a common framework. We illustrate this by analyzing the...
Persistent link: https://www.econbiz.de/10010286273