This paper argues that our understanding of income and poverty dynamics benefits from taking a life cycle perspective. A personiquest;s age and family circumstances iquest; the factors that shape their life cycle iquest; affect the likelihood of experiencing key life events, such as partnership...

Economic evaluation has an important role in helping to make decisions about the use of scarce resources in an explicit and rational manner, yet economic evaluation is not well-developed in many areas of social welfare. This paper looks at the reasons for this, focusing on what economists could...