The WSF Working Paper Series has been expanded by five new working papers by project 4Is and UPWEB.
The paper by 4Is researchers Ohto Kanninen and Daniel Mahler entitled The Value Function with Life Satisfaction Data deals with a well-known behavioural economic theory that has been developed by nobel laureates Daniel Kahnemann and Amos Tversky in 1992. Prospect theory and its empirical applications have shown that in some contexts people make choices based on the value of those choices relative to a reference point. The resulting mapping from outcomes to utility is called the value function and it exhibits loss aversion and diminishing sensitivity. The authors use the German Socio-Economic Panel (n > 250,000) to test whether the properties of the value function extend from narrow gambling choices in experiments to yearly changes in earnings evaluated with life satisfaction.
Arshad Isakjee of project UPWEB has authored Welfare State Regimes: A Literature Review, which seeks to position the UPWEB research project in relation to discourses on welfare regimes. The UPWEB project is exploring the workings of healthcare in four European states with different types of welfare governance. Any comparison between these case studies depends on an analysis of welfare regimes themselves, their construction, their validity and applicability.
Three additional UPWEB Working Papers introduce such case studies of Birmingham (UK), Uppsala (Sweden) and Lisbon (Portugal). UPWEB will reconceptualise welfare theory through responding to the question of how all residents living in superdiverse neighbourhoods put together their healthcare. Increasing population complexity, heterogeneity and pace of change under globalisation has provoked a need to rethink welfare design, alongside issues of engagement, approachability and effectiveness. The three reports focus on the welfare bricolage of residents in the respective towns, highlighting how they access healthcare and the barriers they face within the healthcare system.