Comparisons of wellbeing between the United States and Western Europe generally show that most Americans have higher standards of living than do Western Europeans at comparable locations in their national income distributions. These comparisons of wellbeing typically privilege disposable income and cash transfers while ignoring other aspects of…

This paper examines the changes in the quality of life of poor households in Hong Kong in the late 1990s by analyzing their levels of expenditure, income security and poverty before and after 1997. Though there have been significant increases in the levels of expenditure among CSSA recipients, the expenditure among these poorest households in Hong…

Elements of the "American dream" are adequate housing, education for one's children, and a secure retirement. Economic growth has long been seen as a way to realize the dream. Recent data indicate that achieving the dream and succeeding in the labor market have become more difficult due to sluggish productivity growth, increased competition from…