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How can we assess the welfare of a society, its evolution over time and predict its change due to particular policy … interventions? One way is to use survey-based welfare indicators such as the OECD Better Life Index. It invites people to weight a …
Persistent link: https://www.econbiz.de/10011638276
Component Analysis. Our analysis shows that BLI increases with GDP only for poor countries, extending the Easterlin Paradox to … the quality of life measurement; that good performances in BLI are not necessarily due to a high efficiency of the whole …
Persistent link: https://www.econbiz.de/10011305432
conventionally measured through GDP per capita, "social prosperity" can be measured through our solidarity and agency indexes … welfare effects of globalization and automation. The dashboard is meant to provide an empirical basis for mobilizing action in …
Persistent link: https://www.econbiz.de/10012171696
Surveys that measure subjective states like happiness or preferences often generate discrete ordinal data. Ordered response models, which are commonly used to analyze such data, suffer from a fundamental identification problem. Their conclusions depend on unjustified assumptions about the...
Persistent link: https://www.econbiz.de/10014251062
utilitarian social welfare function yields a simple welfare measure which comprises both GDP and income inequality as measured by … gathering that something similar holds for aggregate welfare, i.e. that GDP alone is an insufficient predictor for various …Over the last decades, research in behavioural economics has demonstrated that individual welfare (utility), as …
Persistent link: https://www.econbiz.de/10011845317
We use several well-being measures that combine average income with a measure of inequality to undertake international … temporal trends in well-being is smaller on average, but significant for a number of countries where inequality changed … considerably in past decades. These results appear not very sensitive to the data on inequality which this analysis is based upon …
Persistent link: https://www.econbiz.de/10011514115
The present note raises the issue of how best to interpret the World Bank's (WB) much used "constant USD per capita income" concept and similar series. We find that the guide to its construction appearing on the WB data portal to be sketchy. The procedures essentially convert all host-country...
Persistent link: https://www.econbiz.de/10013186773
broader array of countries, we establish a clear positive link between average levels of subjective well-being and GDP per …
Persistent link: https://www.econbiz.de/10003751098
This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 - 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...
Persistent link: https://www.econbiz.de/10003850276
We use nationally representative data from the UK Time-Use Survey 2014/2015 to investigate how a person's employment status is related to time use and cognitive and affective dimensions of subjective well-being. We find that unemployed persons report substantially lower levels of life...
Persistent link: https://www.econbiz.de/10011992330