Governments have paid great attention to the results of happiness research. In many countries, the object of government policy is no longer taken to be development in terms of raising GNP. Their focus has shifted to a National Index of Happiness. This paper analyses whether such an aggregate...

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the U.S. over the past 25 years. Next, it indicates which of these regularities can be explained within the competitive demand-supply framework of analysis and what is left unexplained....