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A series of crises, culminating with COVID-19, shows that going "Beyond GDP" is urgently necessary. Social and environmental degradation are consequences of emphasizing GDP as a measure of progress. This degradation created the conditions for the COVID-19 pandemic and limited the efficacy of...
Persistent link: https://www.econbiz.de/10012803715
A series of crises, culminating with COVID-19, shows that going "Beyond GDP" is urgently necessary. Social and environmental degradation are consequences of emphasizing GDP as a measure of progress. This degradation created the conditions for the COVID-19 pandemic and limited the efficacy of...
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In this paper I investigate the nexus between life time utility (life satisfaction) and income predicted by the … empirical association between income and life satisfaction is approximately log-linear. I show that the solution is … satisfaction curve is uninformative about human behavior driven by referencedependent utility. In particular, the hypothesis that …
Persistent link: https://www.econbiz.de/10009784194
own consumption and do not compare themselves with others. I derive a condition under which the utility (happiness) of …
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