Kataoka, Yoko, and Ikemoto Yukio (2007). "Inequality, Capability and Freedom: The Case of Japanese Labor Market" Paper presented at the 4th annual conference of the HDCA, 18-20 September 2007, New York, USA.

A basic assumption is that utility or well-being of people is an increasing function of income. However, well-being or capability is not just an increasing function of income. Increasing income may not necessarily result in increasing well-being. This paper tries to show how people’s satisfaction is determined by other capabilities and by income.