[태그:] WELFARE

We argue that the welfare inferences drawn from answers to subjective–qualitative survey questions are clouded by concerns over the structure of measurement errors and how latent psychological factors influence observed respondent characteristics. We propose a panel data model that allows more robust tests and we estimate the model on a high‐quality survey for Russia. We find significant income effects on an individual’s subjective economic welfare. ...

This paper is an empirical investigation into the validity of some theses posed in . There it is stated (1) that the individual is able to evaluate his income level on a zero-one scale in a cardinal way, and (2) that the resulting evaluation U(y) of a steady income stream at level y under specific assumptions is approximately equal to λ (y; μ, σ2), where ...

Happiness research is based on the idea that it is fruitful to study empirical measures of individual welfare. The most common is the answer to a simple well-being question such as "Are you Happy?" Hundreds of thousands of individuals have been asked this question, in many countries and over many years. Researchers have begun to use these data to tackle a variety of important questions ...

초록 없음 Slesnick, D. T. (1998). Empirical approaches to the measurement of welfare. Journal of Economic Literature, 36(4), 2108-2165.  

In this paper we distinguish two ‘dimensions’ of the utility concept. The first is the ‘behavioral’ dimension, described by indifference curves in a commodity space. It may be estimated by observing consumer purchase behavior. The second dimension is the ‘welfare’ dimension, i.e., the cardinal utility levels corresponding to indifference curves. The second dimension may be estimated by means of the income evaluation approach. We deal with ...

Today, as in the past, within a country at a given time those with higher incomes are, on average, happier. However, raising the incomes of all does not increase the happiness of all. This is because the material norms on which judgments of well-being are based increase in the same proportion as the actual income of the society. These conclusions are suggested by data on ...

Most questionnaires to obtain reports of happiness are primitive with the results obtained of low (interpersonal) comparability. This paper argues that happiness is intrinsically cardinally measurable and comparable though with many difficulties. Moreover, a sophisticated questionnaire was developed and used to obtain more accurate and interpersonally comparable reports of happiness based on the concept of just perceivable increments of pleasure/pain. Comparisons with the traditional questionnaire ...

 The paper summarizes evidence with respect to the individual welfare function of income. Moreover a number of new empirical results is presented. Data are used from six surveys in Belgium and The Netherlands. The relationships considered appear to be stable across the different samples. The implications of the results for social policy are briefly discussed.  Van Herwaarden, F., Kapteyn, A., &Van Praag, B. (1977). Twelve thousand ...

Does economic growth increase social welfare (happiness)? Answers to such questions can only be provided by a complete analysis of all the objective, subjective, and institutional effects. All measures originate from the subjective world, working through the institutional setting to affect the objective world, the institutional setting and/or the subjective world. Due to the increasing complexity of the modern society, it is likely that more ...

초록 없음 Slesnick, D. T. (1998). Empirical approaches to the measurement of welfare. Journal of Economic Literature, 36(4), 2108-2165.