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 what welfare actually means for them. The objective of the paper is to …

equality. Specifically, we investigate the relationships between three dimensions of welfare transfers - transfer share (the … average share of household income from welfare transfers), low-income targeting, and universalism - and poverty and …