The Origins of Happiness: The Science of Well-Being over the Life Course by Andrew E. Clark Sarah Flèche Richard Layard Nattavudh Powdthavee & George Ward

Author:Andrew E. Clark, Sarah Flèche, Richard Layard, Nattavudh Powdthavee & George Ward
Language: eng
Format: epub
Publisher: Princeton University Press
Published: 2017-03-16T04:00:00+00:00

Equity

The basic inequality in our society is surely between people with different levels of happiness, not different levels of income. So should not policy analysis give more weight to changes in happiness among those who are the least happy? Jeremy Bentham thought not, but modern opinion inclines more in that direction. So how much extra weight?12 The best approach is probably to ask the population what they think about the weights. When comparing options, one can also use sensitivity analysis to see what difference (if any) the weights make.13

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