Documents & Reports

Subjective economic welfare (English)


Paradoxically, when economists analyze a policy's impact on welfare they typically assume that people are the best judges of their own welfare, yet resist directly asking them if they are better off. Early ideas of "utility" were explicitly subjective... See More +


  • Ravallion, Martin; Lokshin, Michael;
  • 1999/04/30
  • Policy Research Working Paper
  • WPS2106
  • 1
  • 1
  • Russian Federation
  • Europe and Central Asia
  • 2010/07/01
  • Subjective economic welfare
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