We often talk about the difference between objective and subjective inequalities, assuming that people do not understand how good they have it. There must be however inequality dimensions that simply we do not take into account here.
Alexia Katsanidou
I think that as economists we should be a lot more concerned that everyone feels like they've got poorer when the data show they haven't. We certainly shouldn't just be assuming that the customers are wrong, rather than that we're no longer measuring things that are most relevant to wellbeing
