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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/10010423769
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
social relations and of the environment, employment, and job satisfaction. In this chapter we survey the economic literature … functionings) approach, the use of subjective life satisfaction measures, and the calculation of equivalent incomes. We discuss the … respected and where in each approach the boundaries of individual responsibility are drawn. We compare the measurement of …
Persistent link: https://www.econbiz.de/10014025349
We review the survey and experimental findings in the literature on attitudes to income inequality. We interpret the latter as any disparity in incomes between individuals. We classify these findings into two broad types of individual attitudes towards the income distribution in a society: the...
Persistent link: https://www.econbiz.de/10010350420
We link life-satisfaction data to inequality of the pre-government income distribution at the regional level, to …
Persistent link: https://www.econbiz.de/10011436192
We link life-satisfaction data to inequality of the pre-government income distribution at the regional level, to …
Persistent link: https://www.econbiz.de/10011406589
This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with …
Persistent link: https://www.econbiz.de/10012756895
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/10013318984
John Stuart Mill claimed that "men do not desire merely to be rich, but richer than other men." Do people desire to be richer than others? Or is it that people desire favorable comparisons to others more generally, and being richer is merely a proxy for this ineffable relativity? We conduct an...
Persistent link: https://www.econbiz.de/10011902869
This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with …
Persistent link: https://www.econbiz.de/10011628625