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The limitations of GDP as a measure of welfare are well known. We propose a new method of estimating the well-being of nations. Using gross bilateral international migration flows and a discrete choice model in which everyone in the world chooses a country in which to live, we estimate each...
Persistent link: https://www.econbiz.de/10012860549
"more is better," based on revealed preference theory, is wrong. An increase in income, and thus in the goods at one … better theory of well-being builds on the evidence that adaptation and social comparison affect utility more in pecuniary …
Persistent link: https://www.econbiz.de/10013320008
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
of individual welfare according to which welfare is a matter of mental states rather than preference satisfaction. For …
Persistent link: https://www.econbiz.de/10014214164
these changes. First, we present theory showing significant mismeasurement of welfare for households who can shift into …
Persistent link: https://www.econbiz.de/10013431352
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