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insights from psychology to support their positions: Scitovsky's Joyless Economy, happiness economics, and the constitutional … normative step, is revealed by the choice of a psychological theory or method rather than resulting from the application of a … theory or method. Secondly, this paper demonstrates that personal judgement by the authors is often needed in the positive …
Persistent link: https://www.econbiz.de/10010413237
A growing literature has tried to measure the extent to which individuals have equal opportunities to acquire income. At the same time, policy makers have doubled down on efforts to go beyond income when measuring well- being. We attempt to bridge these two areas by measuring the extent to which...
Persistent link: https://www.econbiz.de/10011716166
A growing literature has tried to measure the extent to which individuals have equal opportunities to acquire income. At the same time, policy makers have doubled down on efforts to go beyond income when measuring well-being. We attempt to bridge these two areas by measuring the extent to which...
Persistent link: https://www.econbiz.de/10011717717
Traditional economics identifies a person's well-being with the goods and services the person consumes and the utility that the person gets from such consumption. This, in turn, has led to the widely used approach of welfarism that uses individual utilities as ingredients for evaluating a...
Persistent link: https://www.econbiz.de/10014025192
Persistent link: https://www.econbiz.de/10011758267
If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by … British Cohort Study (1970). The most powerful childhood predictor of adult life-satisfaction is the child's emotional health … implications for educational policy. Among adult circumstances, family income accounts for only 0.5% of the variance of life-satisfaction …
Persistent link: https://www.econbiz.de/10013073851
spatial equilibrium in life satisfaction. Our results indicate that each individual government that wishes to raise the life … satisfaction of its residents still needs to boost those residents' incomes in order to raise their subjective wellbeing. However … satisfaction stays stable despite rising global incomes …
Persistent link: https://www.econbiz.de/10013015465
This paper provides a method to make robust multidimensional poverty comparisons when one or more of the dimensions of well-being or deprivation is discrete. Sampling distributions for the statistics used in these poverty comparisons are provided. Several examples show that the methods are both...
Persistent link: https://www.econbiz.de/10014057376
This paper provides a method to make robust multidimensional poverty comparisons when one or more of the dimensions of well-being or deprivation is discrete. Sampling distributions for the statistics used in these poverty comparisons are provided. Several examples show that the methods are both...
Persistent link: https://www.econbiz.de/10014057549
In this paper, we convey the concept of first-order dominance (FOD) with particular focus on applications to multidimensional population welfare comparisons. We give an account of the fundamental equivalent definitions of FOD, illustrated with simple numerical examples. An implementable method...
Persistent link: https://www.econbiz.de/10011403658