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The paper consists of a discussion on the relevance of non-income drivers of welfare. This discussion is based on a subjective Bayesian reasoning, where welfare perceptions are subjectively rational decisions of individuals, who are, as author suggests, the ultimate decision-makers in respect of...
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The leading discourse about luck egalitarianism has been informed by the distinction between equality of welfare and equality of resources. This paper attempts to illuminate its significance by focusing on the status of individual preferences (in particular, preferences which are particularly...
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The U.S. Constitution includes many checks and balances that necessitate the ruling party to compromise with the opposition. I develop a model in which this feature prompts the President to compromise on the strength of the candidates nominated for positions in the federal government and...
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Behaviorally informed interventions include nudges, taxes, subsidies, bans, and mandates. In evaluating such interventions, policymakers should consider both their welfare effects (including, for example, their potentially negative effects on subjective well-being) and their effects on...
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This paper aims to provide a detailed demographic description of poverty in Pakistan with an attempt to highlight those … appropriate target groups in need of such intervention in Pakistan. The existing components of BISP are discussed, with policy … and education outcomes; given Pakistan’s lagging performance, illiteracy among youth, infant and maternal health are of …
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