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on Economics of Happiness |
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Issue of 2016‒07‒02
two papers chosen by |
| By: | Koen Decancq; Marc Flerubaey; Erik Schokkaert |
| Abstract: | Standard measures of multidimensional inequality (implicitly) assume common preferences for all individuals and, hence, are not sensitive to preference heterogeneity among the members of society. In this paper, we measure the inequality of the distribution of equivalent incomes, which is a preference-sensitive multidimensional well-being measure. To quantify the contribution of preference heterogeneity to well-being inequality, we use a decomposition method that calculates well-being inequality in different counterfactual distributions. We focus on four sources of well-being inequality: the correlation between outcomes and preferences, the preference heterogeneity, the correlation between the outcome dimensions, and the inequality within each of the outcome dimensions. We find that preference heterogeneity accounts for a considerable part of overall well-being inequality in Russia for the period of 1995 to 2005. |
| Date: | 2016–06 |
| URL: | http://d.repec.org/n?u=RePEc:ete:ceswps:543793&r=hap |
| By: | Semplici, Lorenzo (Associazione Italiana per la Cultura della Cooperazione e del Non Profit) |
| Abstract: | Abstract In the current society of globalisation and computerisation, where time and space are designed to maximize opportunities for consumption, it is necessary to find a new paradigm of social regeneration. The first goal of this work is to re-read the two phenomena in terms of human relationships, redefining the concept of time and space in a functional perspective to improve the multidimensional well-being of each person. Hence, the glocal approach will be introduced. The second goal of this work is to identify the channels through which the economy ‘from the bottom’, considered as the suitable tool to convey the paradigm shift, and education to this kind of economy, considered the only factor able to activate the change, can contribute to build a relational city. The description of these channels reveals the BES indicators – Equitable and Sustainable Well-being – can become the reference framework suitable for programming the social regeneration of our cities, responding to fourfold glocal perspective made out of responsibility, sustainability, multidimensionality and reciprocity. |
| Keywords: | glocal; bottom up economy; erritorial social responsability; education; city; equitable and sustainable well-being |
| JEL: | A10 |
| Date: | 2016–05–09 |
| URL: | http://d.repec.org/n?u=RePEc:ris:aiccon:2016_149&r=hap |