This paper performs a choice experiment assessing the impact of stay-at-home policies on individual welfare. We estimate willingness to accept compensation (WTA) for restricting non-working hours in Sweden during COVID-19 pandemic. The WTA one-month policy is about $480 per person, or 9.1 percent Sweden's monthly capita GDP. Stricter lockdowns require disproportionately higher than more lenient...

In The Netherlands, the average exit rate out of welfare is dramatically low. Most welfare recipients have to comply with guidelines on job search e ort that are imposed by the welfare agency. If they do not, then a sanction in the form of a temporarily bene t reduction can be imposed. This paper investigates the e ect of such sanctions on the transition from welfare to work using a unique set ...

In traditional economic models, individual utility depends only on absolute consumption. These models lie at the heart of claims that pursuit of individual self-interest promotes aggregate welfare. Recent years have seen renewed interest in economic models in which individual utility depends not only on absolute consumption, but also on relative consumption. In contrast to traditional models, t...

We examined different model specifications to detect the presence of preference heterogeneity in a mode choice context. The specification that worked best allows for both systematic and random variations in tastes, with parameters obtained at the individual level using Bayesian methods. Subjective values of travel time (SVT) and expected individual compensated variation were derived and aggrega...

In traditional economic models, individual utility depends only on absolute consumption. These models lie at the heart of claims that pursuit of individual self-interest promotes aggregate welfare. Recent years have seen renewed interest in economic models in which individual utility depends not only on absolute consumption, but also on relative consumption. In contrast to traditional models, t...

Contents 1. Introduction 2. The capability approach 3. Theories of justice 4. Equality 5. Justification of moral principles and weighting different functionings 6. Rules for aggregating individual welfare into social welfare 7. Prescription and description 8. Social measurement, justice and pragmatism 9. Welfare economics and the criticism of the capability approach 10. Conclusions Glossary Bib...