In this chapter, we review the concept of national income and the economic theory of national income accounting. There …-order approximations as an income measure. After reviewing this body of theory and the connections between the concepts, we suggest … are two building blocks – the ideas of Fisher, Lindahl, Hicks about income as an expenditure level that can be continued …

Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still …: one that insists on individual relative income, and one that finds similarity between individual and aggregate levels … effect of relative income on SWB varies across countries as a function of average income, in addition to a relatively small …

Despite rising popularity of subjective well-being (SWB) as a proxy for utility, its relationship with income is still …: one that insists on individual relative income, and one that finds similarity between individual and aggregate levels … effect of relative income on SWB varies across countries as a function of average income, in addition to a relatively small …