Equality of opportunity is usually defined as a situation where the effect of circumstances on outcome is nullified (compensation principle) and effort is rewarded (reward principle). We propose a new version of the reward principle based on the idea that effort deserves reward for it is costly....

What are the methodologies for assessing and improving governmental policy in light of well-being? The Oxford Handbook of Well-Being and Public Policy provides a comprehensive, interdisciplinary treatment of this topic. The contributors draw from welfare economics, moral philosophy, and...

What utility notion—e.g., flow/lifetime, self/family-centered—do self-reported well-being (SWB) questions measure? First, we clarify the theoretical assumptions underlying existing applications regarding the (i) life domains, (ii) time horizons, and (iii) other-regarding preferences captured...