The´Efficiency`of Equity

In standard neo-classical economics, efficiency and equity issues are largely treated as separate and separable issues. In this paper, I will discuss findings from four strands of literature that challenge this separability and in fact suggest that greater equity will promote greater efficiency in the sense of maximizing well-being in a society. There four strands refer to findings from the experimental literature on the importance of equity or fairness, the subjective well-being literature on the importance of relative incomes and inequality on subjective well-being, the distribution-adjusted well-being literature that combines measures of mean incomes with measures of income inequality to derive at welfare judgements across space and time, and the literature on the relationship between income and gender inequality on economic growth. Some implications for research and policy are explored.Efficiency, equity, experimental economics, subjective well-being

Measuring Social Well Being in The Big Data Era: Asking or Listening?

The literature on well being measurement seems to suggest that "asking" for a self-evaluation is the only way to estimate a complete and reliable measure of well being. At the same time "not asking" is the only way to avoid biased evaluations due to self-reporting. Here we propose a method for estimating the welfare perception of a community simply "listening" to the conversations on Social Network Sites. The Social Well Being Index (SWBI) and its components are proposed through to an innovative technique of supervised sentiment analysis called iSA which scales to any language and big data. As main methodological advantages, this approach can estimate several aspects of social well being directly from self-declared perceptions, instead of approximating it through objective (but partial) quantitative variables like GDP; moreover self-perceptions of welfare are spontaneous and not obtained as answers to explicit questions that are proved to bias the result. As an application we evaluate the SWBI in Italy through the period 2012-2015 through the analysis of more than 143 millions of tweets.Comment: 40 pages, 2 figures. arXiv admin note: text overlap with arXiv:1512.0156

Troubling children's families: who's troubled and why? Approaches to inter-cultural dialogue

This article draws on multi-disciplinary perspectives to consider the need and the possibilities for inter-cultural dialogue concerning families that may be seen by some to be ‘troubling’. Starting from the premise that ‘troubles’ are a ‘normal’ part of children’s family lives, we consider the boundary between ‘normal’ troubles and troubles that are troubling (whether to family members or others). Such troubling families potentially indicate an intervention to prevent harm to less powerful family members (notably children). On what basis can such decisions be made in children’s family lives, how can this question be answered across diverse cultural contexts, and are all answers inevitably subject to uncertainty? Such questions arguably re-frame and broaden existing debates about ‘child maltreatment’ across diverse cultural contexts. Beyond recognizing power dynamics, material inequalities, and historical and contemporary colonialism, we argue that attempts to answer the question on an empirical basis risk a form of neo-colonialism, since values inevitably permeate research and knowledge claims. We briefly exemplify such difficulties, examining psychological studies of childrearing in China, and the application of neuroscience to early childhood interventions in the UK. Turning to issues of values and moral relativism, we also question the possibility of an objective moral standard that avoids cultural imperialism, but ask whether cultural relativism is the only alternative position available. Here we briefly explore other possibilities in the space between ‘facile’ universalism and ‘lazy’ relativism (Jullien, 2008/2014). Such approaches bring into focus core philosophical and cultural questions about the possibilities for ‘happiness’, and for what it means to be a ‘person’, living in the social world. Throughout, we centralize theoretical and conceptual issues, drawing on the work of Jullien (2008/2014) to recognize the immense complexities inter-cultural dialogue entails in terms of language and communication

Worker remittances and the global preconditions of ‘smart development’

With the growing environmental crisis affecting our globe, ideas to weigh economic or social progress by the ‘energy input’ necessary to achieve it are increasingly gaining acceptance. This question is intriguing and is being dealt with by a growing number of studies, focusing on the environmental price of human progress. Even more intriguing, however, is the question of which factors of social organization contribute to a responsible use of the resources of our planet to achieve a given social result (‘smart development’). In this essay, we present the first systematic study on how migration – or rather, more concretely, received worker remittances per GDP – helps the nations of our globe to enjoy social and economic progress at a relatively small environmental price. We look at the effects of migration on the balance sheets of societal accounting, based on the ‘ecological price’ of the combined performance of democracy, economic growth, gender equality, human development, research and development, and social cohesion. Feminism in power, economic freedom, population density, the UNDP education index as well as the receipt of worker remittances all significantly contribute towards a ‘smart overall development’, while high military expenditures and a high world economic openness are a bottleneck for ‘smart overall development’

John Templeton Foundation: Capabilities Report

This annual report, celebrating the 25th anniversary of the foundation, includes letters from its leaders, a history of the foundation, details of current grantmaking and other activities, financial statements, and lists of trustees

Positional spending and status seeking in rural China

Focusing on a remote area in rural China, we use a panel census of households in 26 villages to show that socially observable spending has risen sharply in recent years. We demonstrate that such spending by households is highly sensitive to social spending by other villagers. This suggests that social spending is either positional in nature (that is, motivated by status concerns) or subject to herding behavior. We also document systematic relations between social spending and changes in higher order terms of the income distribution. In particular, and consistent with theories of rank-based status seeking, we find the poor increase spending on gifts as the income distribution tightens so that local competition for status intensifies. In addition families of unmarried men (who face grim marriage prospects given China’s high sex ratios, especially in poor areas) intensify their competition for status by increasing their spending on weddings. The welfare implications of spending in order to “keep up with the Joneses” are potentially large, particularly for poor households.Positional spending, Poverty, Rural-urban linkages, status,