This paper proposes a way to empirically measure the impact of capabilities and functionings on the individual perception of urban quality of life. Specifically, we investigate the role played by amenities (including social interactions) and disamenities for a sample of 508 resident population...

This chapter explores accounts of individual and social welfare underlying contemporary welfare economics. It argues that there is a one-to-one mapping between three prominent approaches to welfare assessment and three philosophical accounts of individual well-being: while standard economics is...

This article considers a hypothetical corporate decision that will generate $5 million of profit today but result in the loss of one human life in ten years. This example is not abstract; corporations in a range of businesses engage in decisions and oversight that affect risk to human life:...

How to address human rights is a forever important issue of political economics. In expanding that view, it is important to know that whether the decision has a firm ground. We humans say that every decision should be addressed in the rational point view of human rights. And to support that,...

Subjective measures of well-being - based on questions like "Taking things all together, how would you say things are these days: would you say you're very happy, pretty happy, or not too happy these days?" - are motivated in large part by widespread dissatisfaction with traditional economic...

This paper analyses subjective economic well-being in several Eastern European countries from 1991 to 1995. Economic well-being explains a significant part of the variation in overall life satisfaction of Eastern Europeans. In an ordered logit model, the determinants of subjective economic...

Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on subjective well-being it is possible...

What do social surveys of life cycle experience tell us about the determinants of subjective well-being? First, that the psychologists? setpoint model is wrong. Life events in the nonpecuniary domain, such as marriage, divorce, and physical disability, have a lasting effect on well-being, and do...

Sorting of people on the labor market not only assures the most productive use of valuable skills but also generates individual utility gains if people experience an optimal match between job characteristics and their preferences. Based on individual data on reported satisfaction with life it is...