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Valuation of Functioning Bundles and Interpersonal Comparisons of Well-Being

In: Multidimensional Well-Being, Deprivation and Inequality

Author

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  • P. K. Pattanaik

    (University of California)

  • Yongsheng Xu

    (Georgia State University)

Abstract

This chapter discusses the issues of evaluating an individual’s well-being in different situations as well as of interpersonal comparisons of individual well-being, where an individual’s well-being is determined solely by the individual’s achieved functioning bundle. It is shown that, if the evaluator of individual well-being wants to accommodate in the evaluation the differences in the values of individuals, even minimally, then the evaluation cannot satisfy some very weak criteria for interpersonal well-being comparisons. This chapter also discusses the possibility of avoiding this impasse by considering a weaker criterion for interpersonal comparisons of well-being.

Suggested Citation

  • P. K. Pattanaik & Yongsheng Xu, 2024. "Valuation of Functioning Bundles and Interpersonal Comparisons of Well-Being," Economic Studies in Inequality, Social Exclusion, and Well-Being, in: Multidimensional Well-Being, Deprivation and Inequality, chapter 0, pages 17-42, Springer.
    • Handle: RePEc:spr:esichp:978-3-031-62046-1_3
    DOI: 10.1007/978-3-031-62046-1_3
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