Individual Welfare and Subjective Well-Being: Commentary Inspired by Sacks, Stevenson and Wolfers

Peter Hammond, Federica Liberini and Eugenio Proto

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: Sacks, Stevenson and Wolfers (2010) question earlier results like Easterlin's showing that long-run economic growth often fails to improve individuals'average reports of their own subjective well-being (SWB). We use World Values Survey data to establish that the proportion of individuals reporting happiness level h, and whose income falls below any xed threshold, always diminishes as h increases. The implied positive association between income and reported happiness suggests that it is possible in principle to construct multi-dimensional summary statistics based on reported SWB that could be used to evaluate economic policy

Date: 2011
New Economics Papers: this item is included in nep-hap and nep-hpe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
https://warwick.ac.uk/fac/soc/economics/research/w ... s/2011/twerp_957.pdf

Related works:
Working Paper: Individual Welfare and Subjective Well-Being: Commentary Inspired by Sacks, Stevenson and Wolfers (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wrk:warwec:957

Access Statistics for this paper

More papers in The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Margaret Nash ().