Advanced Search
MyIDEAS: Login

Happiness and Pareto

Contents:

Author Info

  • George Irvin

    ()

Registered author(s):

    Abstract

    While the utilitarian notion of ‘happiness’ is unsatisfactory, widespread interest in the subject suggests that economists are recognising the importance of relative income status, particularly in the US and the UK where income inequality has increased greatly . If relative income matters, one must reconsider the notion of a Pareto improvement, which is basic to public policy decisions. By the same token, distributional issues are central to any discussion about the costs and benefits of growth, an issue suggested not merely by the ‘happiness’ literature but by much recent writing on social capital, co-operative surviv al strategies the like. Nor is there a simple trade-off between efficiency and equity, since the two may be complementary. The neo-classical theory of factor rewards cannot justify current inequality since, upon closer examination, it is tautological and incoherent. The conclusion is that economists would do better to seek guidance on distributional matters from Rawlsian-type political theory.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.icer.it/docs/wp2007/ICERwp27-07.pdf
    Download Restriction: no

    Bibliographic Info

    Paper provided by ICER - International Centre for Economic Research in its series ICER Working Papers with number 27-2007.

    as in new window
    Length: 31 pages
    Date of creation: Mar 2007
    Date of revision:
    Handle: RePEc:icr:wpicer:27-2007

    Contact details of provider:
    Postal: Viale Settimio Severo, 63 - 10133 Torino - Italy
    Phone: +39 011 6604828
    Fax: +39 011 6600082
    Email:
    Web page: http://www.icer.it
    More information through EDIRC

    Related research

    Keywords:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Alesina, Alberto F & Glaeser, Edward L & Sacerdote, Bruce, 2005. "Work and Leisure in the US and Europe: Why So Different?," CEPR Discussion Papers 5140, C.E.P.R. Discussion Papers.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:icr:wpicer:27-2007. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alessandra Calosso).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.