Purpose – The purpose of this paper is to use a subjective well-being approach to address a long-standing debate on informal employment: whether it is a low-quality or a high-quality option. The literature generally refers to these options as exclusion vs exit. Policy makers often assume that...

This investigation uses a subjective well-being approach to provide a novel empirical answer to an old normative debate in economic literature: whether consumers use efficiently their income. Based on a large database from Mexico, the paper shows that there exists substantial X-inefficiency in...

The estimation of equivalence scales is crucial in cases where a well-being comparison of persons living under different household arrangements is needed: for example, to identify the poor, to calculate poverty rates and to estimate income inequality. In spite of the importance of equivalence...

Purpose – The purpose of this paper is to use a subjective well-being approach to address a long-standing debate on informal employment: whether it is a low-quality or a high-quality option. The literature generally refers to these options as exclusion vs exit. Policy makers often assume that...