1. Inequality, subjective well-being and social exclusion Tania Burchardt London School of Economics

2. Inequality of what? Income –or resources? –not a final outcome

3. Inequality of what? Income –or resources? –not a final outcome Opportunity –... to consume? what else? –limited by what?

4. Inequality of what? Income –or resources? –not a final outcome Opportunity –... to consume? what else? –limited by what? Capabilities –valued beings and doings –bigger capability set = fuller agency –wide scope of potential constraints Inescapably normative

5. Subjective well-being Money does make you happy

6. Subjective well-being Money does make you happy But so does love (for a while...)

7. Subjective well-being Money does make you happy But so does love (for a while...) Many characteristics matter –income –age, marital status –economic activity (self-employment, u/e) –peer group

8. Subjective well-being Money does make you happy But so does love (for a while...) Many dimensions matter Inequalities matter Dynamics matter Agency matters

9. And social exclusion...? Consumption plus other dimensions Dynamics (immediate and lifetime) Agency (needs to be nurtured and constrained) Alerts us to exclusionary closure Addresses the features which make inequality matter

10. So what? Coherent normative judgements: second generation joined up government?

11. So what? Coherent normative judgements: second generation joined up government? Agency: positive and negative

12. So what? Coherent normative judgements: second generation joined up government? Agency: positive and negative Dynamics: prevention, protection, promotion and propulsion

13. So what? Coherent normative judgements: second generation joined up government? Agency: positive and negative Dynamics: prevention, protection, promotion and propulsion, Social exclusion audits