G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w24369
来源IDWorking Paper 24369
What do Self-Reports of Wellbeing Say about Life-Cycle Theory and Policy?
Angus Deaton
发表日期2018-03-05
出版年2018
语种英语
摘要I respond to Atkinson's plea to revive welfare economics, and to considering alternative ethical frameworks when making policy recommendations. I examine a measure of self-reported evaluative wellbeing, the Cantril Ladder, and use data from Gallup to examine wellbeing over the life-cycle. I assess the validity of the measure, and show that it is hard to reconcile with familiar theories of intertemporal choice. I find a worldwide optimism about the future; in spite of repeated evidence to the contrary, people consistently but irrationally predict they will be better off five years from now. The gap between future and current wellbeing diminishes with age, and in rich countries, is negative among the elderly. I also use the measure to think about income transfers by age and sex. Policies that give priority those with low incomes favor the young and the old, while utilitarian policies favor the middle aged, and men over women.
主题Macroeconomics ; Consumption and Investment ; Public Economics ; Taxation ; National Fiscal Issues ; Health, Education, and Welfare ; Poverty and Wellbeing
URLhttps://www.nber.org/papers/w24369
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/582042
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Angus Deaton. What do Self-Reports of Wellbeing Say about Life-Cycle Theory and Policy?. 2018.
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