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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
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
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
Persistent link: https://www.econbiz.de/10011484575
Governments rely on certain basic economic metrics and tools to analyze prospective laws and policies and to monitor how well their countries are doing. For decades, critics of such economic measures have argued that they ignore important aspects of value that are not fully reflected by output...
Persistent link: https://www.econbiz.de/10012972463
What are the methodologies that we should employ for designing and evaluating governmental policy, in light of the profound effects that policies have on the level and distribution of individuals' well-being? The Oxford Handbook of Well-Being and Public Policy is a comprehensive,...
Persistent link: https://www.econbiz.de/10012669671
preference-satisfaction? Her attainment of various "objective goods"? Part III addresses the measurement of well-being and the …
Persistent link: https://www.econbiz.de/10014126093
Persistent link: https://www.econbiz.de/10013476180