Month: November 2020

Cash transfers: systematic review and meta-analysis

We know that cash transfers reduce poverty, improve health and enhance education but what impact do they have on how people feel and think about their lives? We find that cash transfers have a small, positive effect on subjective wellbeing, one that lasts for several years.

The comparability of subjective scales

There are long-standing doubts about whether data from subjective scales are cardinally comparable—should we, for instance, believe that if two people self-report their happiness as '7/10' then they are as happy as each other? It is unclear how to assess whether these doubts are justified without first addressing two unresolved theoretical questions: how do people interpret subjective scales, and which assumptions are required for cardinal comparability? This working paper offers answers to both.