A Theory of Lifetime Welfare: Cycles, Trend, Span, and Policies

Códigos JEL.: D11, D60, D62, D70

Autores:
Vallejo González, Hernán Eduardo
Tipo de recurso:
Work document
Fecha de publicación:
2024
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
eng
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/74222
Acceso en línea:
https://hdl.handle.net/1992/74222
Palabra clave:
Lifetime welfare
Individual welfare trend curve
Welfare smoothing
Marginal rate of welfare trend change
Social welfare trends function and frontier
Easterlin paradox
Economía
Rights
openAccess
License
https://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdf
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dc.title.none.fl_str_mv A Theory of Lifetime Welfare: Cycles, Trend, Span, and Policies
title A Theory of Lifetime Welfare: Cycles, Trend, Span, and Policies
spellingShingle A Theory of Lifetime Welfare: Cycles, Trend, Span, and Policies
Lifetime welfare
Individual welfare trend curve
Welfare smoothing
Marginal rate of welfare trend change
Social welfare trends function and frontier
Easterlin paradox
Economía
title_short A Theory of Lifetime Welfare: Cycles, Trend, Span, and Policies
title_full A Theory of Lifetime Welfare: Cycles, Trend, Span, and Policies
title_fullStr A Theory of Lifetime Welfare: Cycles, Trend, Span, and Policies
title_full_unstemmed A Theory of Lifetime Welfare: Cycles, Trend, Span, and Policies
title_sort A Theory of Lifetime Welfare: Cycles, Trend, Span, and Policies
dc.creator.fl_str_mv Vallejo González, Hernán Eduardo
dc.contributor.author.none.fl_str_mv Vallejo González, Hernán Eduardo
dc.subject.keyword.none.fl_str_mv Lifetime welfare
Individual welfare trend curve
Welfare smoothing
Marginal rate of welfare trend change
Social welfare trends function and frontier
Easterlin paradox
topic Lifetime welfare
Individual welfare trend curve
Welfare smoothing
Marginal rate of welfare trend change
Social welfare trends function and frontier
Easterlin paradox
Economía
dc.subject.themes.none.fl_str_mv Economía
description Códigos JEL.: D11, D60, D62, D70
publishDate 2024
dc.date.accessioned.none.fl_str_mv 2024-05-14T16:04:09Z
dc.date.available.none.fl_str_mv 2024-05-14T16:04:09Z
dc.date.issued.none.fl_str_mv 2024-05
dc.type.spa.fl_str_mv Documento de trabajo
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dc.identifier.uri.none.fl_str_mv https://hdl.handle.net/1992/74222
dc.identifier.doi.none.fl_str_mv 10.57784/1992/74222
identifier_str_mv 1657-7191
10.57784/1992/74222
url https://hdl.handle.net/1992/74222
dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartofseries.none.fl_str_mv Documentos CEDE; 2024-16
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dc.format.extent.none.fl_str_mv 56 páginas
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dc.publisher.spa.fl_str_mv Universidad de los Andes
dc.publisher.faculty.none.fl_str_mv Facultad de Economía
institution Universidad de los Andes
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spelling Vallejo González, Hernán Eduardo2024-05-14T16:04:09Z2024-05-14T16:04:09Z2024-051657-7191https://hdl.handle.net/1992/7422210.57784/1992/74222Códigos JEL.: D11, D60, D62, D70This article presents a theory of lifetime welfare, considering the corresponding cycles, trend, and span. The model suggests that economic agents should focus more on improving, smoothing, and stabilizing the welfare trend of individuals, than on improving, smoothing, and stabilizing their consumption and income, since they are not the same. Given that private and public decisions can generate internalities and externalities, and thus, inefficiencies, these results can justify individual, social, and government interventions, for example in lifestyle, and the education, health, pension, and insurance markets. It is argued that this approach can be a complement to the worldwide efforts to improve the coverage and sustainability of the health and pension systems; help explain the so-called Easterlin paradox, and contribute to the wellness set point debate in psychology.Este artículo presenta una teoría del bienestar a lo largo de la vida, considerando los ciclos, la tendencia y la duración correspondientes. El modelo sugiere que los agentes económicos deberían centrarse más en mejorar, suavizar y estabilizar la tendencia del bienestar de los individuos que en mejorar, suavizar y estabilizar su consumo e ingresos, ya que no son lo mismo. Dado que las decisiones públicas y privadas pueden generar internalidades y externalidades y, por tanto, ineficiencias, éstos resultados pueden justificar intervenciones individuales, sociales y gubernamentales, por ejemplo en los estilos de vida y en los mercados de educación, salud, pensiones y seguros. Se argumenta que este enfoque puede ser un complemento a los esfuerzos mundiales para mejorar la cobertura y sostenibilidad de los sistemas de salud y pensiones; ayudar a explicar la llamada paradoja de Easterlin y contribuir al debate sobre el punto fijo del bienestar en psicología.56 páginasapplication/pdfengUniversidad de los AndesFacultad de EconomíaDocumentos CEDE; 2024-16https://ideas.repec.org/p/col/000089/021135.htmlhttps://repositorio.uniandes.edu.co/static/pdf/aceptacion_uso_es.pdfinfo:eu-repo/semantics/openAccesshttp://purl.org/coar/access_right/c_abf2A Theory of Lifetime Welfare: Cycles, Trend, Span, and PoliciesDocumento de trabajoinfo:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_8042http://purl.org/coar/version/c_970fb48d4fbd8a85Texthttp://purl.org/redcol/resource_type/WPLifetime welfareIndividual welfare trend curveWelfare smoothingMarginal rate of welfare trend changeSocial welfare trends function and frontierEasterlin paradoxEconomíaPublicationORIGINALdcede2024-16.pdfdcede2024-16.pdfapplication/pdf10600575https://repositorio.uniandes.edu.co/bitstreams/3aaf0b8f-cfec-4d04-916b-4c3c113519da/download03a1267c9ed2283959a80222ef77cd8cMD51LICENSElicense.txtlicense.txttext/plain; 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