Equivalent Income
Bibliographic Data
| ID | 8086347 |
|---|---|
| Authors | Marc Fleurbaey (0000-0002-5342-8065, Policy, Princeton University, corresponding author), Matthew D Adler (0009-0001-7311-8590) |
| Year | 2016 |
| Pages | 453-475 |
| Publication date | 2016-11-02 |
| Open Access | No |
| Type | BOOK |
| Venue | The Oxford Handbook of Well-Being and Public Policy (SOURCE_BOOK) |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/oxfordhb/9780199325818.013.15 |
| OpenAlex | W4249993388 |
| Open Library | OL27709130M |
| ISBN | 9780199325818 |
| Language | EN |
| Citations received | 2 |
| References cited | 9 |
The notion of equivalent income has been elaborated in the specialized context of comparing living standards of individuals in different situations regarding non-income attributes (household size, quality of life, market prices). It is defined as the income that would provide the same satisfaction as the current situation if the non-income attributes took particular reference values. Beyond the comparison of living standards, it deserves to be considered as a philosophically promising solution to the problem of interpersonal comparisons of well-being, for the context of social welfare evaluation. It appears indeed attractive when interpersonal comparisons are meant to respect individual preferences while focusing on objective functionings rather than subjective levels of satisfaction or happiness. In this chapter it is scrutinized and compared to alternative approaches: extended preferences, subjective well-being, capabilities
Context (archaeology · Economics · Geography · Happiness · Interpersonal communication · Life satisfaction · Political science · Public economics · Quality (philosophy · Social Welfare · Standard of living · Subjective well-being · Welfare · Well-being · Philosophical Ethics and Theory · Political Philosophy and Ethics · Psychological Well-being and Life Satisfaction · Psychology · Welfare economics · Social Psychology
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,29 |
| Citation span | 2019 - 2023 (5) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |