income distribution. However, it has become increasingly recognised, both at the academic and political level, that focusing … purely on income provides a limited picture of social progress. We illustrate how ex-ante policy evaluation can be performed … in terms of richer concepts of individual well-being, such as subjective life satisfaction and equivalent incomes. Our …

been affected across six countries (China, South Korea, Japan, Italy, UK and US). We first document changes in income … changes to their lives, and overall they are less supportive of these measures. These patterns are less clear across income … groups: while some countries have managed to shield lower income individuals from negative consequences, others have not. We …