As a result of the disenchantment with traditional income-based measures of welfare, alternative welfare measures have gained increasing attention in recent years. Two of the most prominent measures of well-being come from subjective well-being research and the (objective) capability approach. Despite their promising features, both approaches have a number of weaknesses when considered on their own. This paper sets out to examine to what extent a fusion between both approaches can overcome the weaknesses of both individual approaches. It uses features of the capability framework to enrich what is basically a subjective well-being perspective. Key drawbacks of normative subjective well-being views can be overcome by focussing welfare assessments on "Subjective Well-being Capabilities", i.e. focussing on the substantive opportunities of individuals to pursue and achieve happiness.
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Univ So Calif, CESR, Los Angeles, CA 90089 USAUniv So Calif, CESR, Los Angeles, CA 90089 USA
Kapteyn, Arie
Lee, Jinkook
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Univ So Calif, CESR, Los Angeles, CA 90089 USA
USC, Davis Sch Gerontol, Los Angeles, CA USA
RAND Corp, Los Angeles, CA USAUniv So Calif, CESR, Los Angeles, CA 90089 USA
Lee, Jinkook
Tassot, Caroline
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Univ So Calif, CESR, Los Angeles, CA 90089 USAUniv So Calif, CESR, Los Angeles, CA 90089 USA
Tassot, Caroline
Vonkova, Hana
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Charles Univ Prague, Fac Educ, Prague, Czech Republic
Charles Univ Prague, Fac Med 1, Prague, Czech RepublicUniv So Calif, CESR, Los Angeles, CA 90089 USA
Vonkova, Hana
Zamarro, Gema
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Univ So Calif, CESR, Los Angeles, CA 90089 USAUniv So Calif, CESR, Los Angeles, CA 90089 USA