Economics of Subjective Welfare

New research teaches us more about interpretive difficulties of subjective welfare as it relates to analysis of data.

The author links to various articles including one by Deaton during a review of the research. Discussion includes fixed personal characteristics, set point theory, lottery winner analysis, and locus of control.

Why our personalities pose a challenge for economists

by Jed Friedman – senior economist in the Development Research Group (Poverty and Inequality Team) at the World Bank

Angus Deaton, Nobel prize winner for economic sciences

Short article on Nobel prize winners 2015 with initial focus on Angus Deaton, economic sciences, and “his analysis of consumption, poverty, and welfare.”

Britain’s Angus Deaton wins Nobel economics prize

by Staff at The Canadian Press