Publication
Title
Happiness, equivalent incomes and respect for individual preferences
Author
Abstract
In this paper, we study interpersonal comparisons of wellbeing. We show that using subjective wellbeing (SWB) levels can be in conflict with individuals' judgments about their own lives. We propose therefore an alternative wellbeing measure in terms of equivalent incomes that respects individual preferences. We show how SWB surveys can be used to derive the ordinal information about preferences needed to calculate equivalent incomes. We illustrate our approach with Russian panel data (RLMS-HSE) for the period 19952003 and compare it to standard wellbeing measures such as expenditures and SWB. We find that different groups are identified as worst off.
Language
English
Source (journal)
Economica / London School of Economics and Political Science. - London
Publication
London : 2015
ISSN
0013-0427 [print]
1468-0335 [online]
Volume/pages
82:s:[1](2015), p. 1082-1106
ISI
000368130900004
Full text (Publishers DOI)
Full text (open access)
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UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 05.12.2015
Last edited 17.05.2017
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