A subjective well-being approach is followed to assess the magnitude of inefficiency in the use of income. The information comes from a Mexican survey and an X-inefficiency technique is used. The paper shows that there exists substantial inefficiency in the use of income at all income levels,...

This paper is intended to bridge the theoretical literature describing efficient intra-household behaviour and the development literature that collects empirical regularities pointing toward the existence of strategic decision-making among spouses. It examines the key elements of the collective...

This paper re-examines the validity of using expected values to evaluate the social profitability of public investments under uncertainty. Departing from the usual assumption of an aggregate good, the setting is a small open economy that faces stochastic world prices for tradable goods and...

This paper makes the case for the systematic appraisal of public sector projects using shadow prices as the signals of social scarcities. In so doing, it attempts to redress the balance between estimating inputs and outputs, central though that task is, and valuing them correctly. The account of...

Previous happiness research has explicitly assumed that subjective well-being is U-shaped in age. This paper sheds new light on this issue testing several functional forms. Using micro data from the World Values Survey on 44 000 persons in 30 economically advanced OECD countries with long life...

This survey summarises the insights that the new literature based on subjective data has shed on the issue of income inequality and income comparisons. It reviews the various channels that relate income distribution and subjective well-being. It considers the welfare effect of income gaps in...

The level of income can be directly inferred from the level of education, making education an important variable as a key determinant of better livelihoods and poverty alleviation. However, in most developing countries education is not accessible to all. In Ghana - although basic education is...

This report provides an overview of Australia’s labour market policies, with a focus on income support benefits and employment assistance for people of working age. It traces historical developments partly since 1990 and since 1978 in the case of some data series...<BR>Ce rapport donne une vue...

This report examines the performance of public employment services and the effectiveness of activation strategies in Switzerland. It covers the role of the key actors in labour market policy, the placement function of the Public Employment Service (PES), the structure of out-of-work benefits and...

The Japanese labour market is characterised by high employment rates for men and older workers, and a low unemployment rate. Over the past two decades, female participation has risen, while disparities in the labour market conditions of workers have grown. Further efforts are needed to promote...