We estimate the distribution of well-being among the older U.S. population using an expected utility framework that incorporates differences in consumption, leisure, health, and mortality. We find large disparities in welfare that have increased over time. Incorporating the cost of living with...

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...

Carbon farming, particularly soil carbon climate strategies, has emerged as a popular tool in addressing climate change and variability in worldwide agriculture. Yet, there is a paucity of evidence on its application, and even more so, limited evidence exists on the welfare impacts in developing...

This paper studies one of the largest spatially targeted redevelopment efforts implemented in the United States: public housing demolitions sponsored by the HOPE VI program. Focusing on Chicago, we study welfare and racial disparities in the impacts of demolitions using a structural model that...

We develop a dynamic general equilibrium model where robots can be substituted for unskilled labor and the government uses the tax revenues for social capital investment and compensation of those who do not work. As the main novelty of the paper, we consider that social capital augments the...

Using 791 consistent households in the balanced panel, comprising 3,985 households in the unbalanced panel-from a nationally representative, multipurpose, five-round (1988, 2000, 2004, 2008, and 2014) Mahabub Hossain Panel Data in Bangladesh-we provide evidence for the long-term impact of...

Since the start of the century, many countries in Sub-Saharan Africa have experienced large gains in life expectancy and average consumption levels. Around the same time, an unprecedented international effort has taken place to combat HIV/AIDS mortality with the expansion of anti-retroviral...

Carbon farming, particularly soil carbon climate strategies, has emerged as a popular tool in addressing climate change and variability in worldwide agriculture. Yet, there is a paucity of evidence on its application, and even more so, limited evidence exists on the welfare impacts in developing...

Evaluating the desirability of a reform typically involves weighing the gains of the winners against the losses of the losers using welfare weights. Welfare weights measure the value that citizens assigns to a $1 gain in consumption to individuals. They can capture various normative ideals like...

Empirical welfare analyses often impose stringent parametric assumptions on individuals’ preferences and neglect unobserved preference heterogeneity. In this paper, we develop a framework to conduct individual and social welfare analysis for discrete choice that does not suffer from these...