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This paper explores a new theoretical and empirical approach to the assessment of human well-being, relevant to current challenges of social fragmentation in the presence of globalization and technological advance. We present two indexes of well-being - solidarity (S) and agency (A) - to be...
Persistent link: https://www.econbiz.de/10012178514
National Time Accounting is a way of measuring society's well-being, based on time use. Its explicit form is the U-index, for "unpleasant" or "undesirable", which measures the proportion of time an individual spends in an unpleasant state. In this paper I review cross-country evidence on...
Persistent link: https://www.econbiz.de/10003679395
Governments are becoming interested in the concept of human well-being and how truly to assess it. As an alternative to traditional economic measures, some nations have begun to collect information on citizens' happiness, life satisfaction, and other psychological scores. Yet how could such data...
Persistent link: https://www.econbiz.de/10011347199
Using data drawn from the 2010 American Time Use Survey Well-Being Module, this study examines the relationship between three measures of subjective well-being based on time-use data and an objective measure of well-being. Whereas the measures of affect – net affect and the U-index – are...
Persistent link: https://www.econbiz.de/10011347231
The United States experienced a considerable increase in oil and natural gas extraction in recent years due to technological advancements including horizontal drilling and hydraulic fracturing. Increased energy development likely creates both benefits and costs, but the net effects for local...
Persistent link: https://www.econbiz.de/10011455295
In recent years considerable interest has developed in going 'beyond GDP' to develop measures of economic progress which are more explicitly based on human wellbeing. This work has been inspired, in part, by Sen's non-utilitarian approach to welfare economics, but has been constrained by a lack...
Persistent link: https://www.econbiz.de/10011455707
The paper demonstrates how Sen's (1985) alternative approach to welfare economics can be used to shed light on the …
Persistent link: https://www.econbiz.de/10011540021
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann-Morgenstern utilities of the individuals. After examining the...
Persistent link: https://www.econbiz.de/10010423769
We use data from two rounds of the Chinese General Social Survey (CGSS) to study the determinants of subjective well-being in China over the period 2005-2010 during which self-reported happiness scores show an increase across all income groups. Ordered probit regression analysis of well-being...
Persistent link: https://www.econbiz.de/10011449772
A series of crises, culminating with COVID-19, shows that going "Beyond GDP" is urgently necessary. Social and environmental degradation are consequences of emphasizing GDP as a measure of progress. This degradation created the conditions for the COVID-19 pandemic and limited the efficacy of...
Persistent link: https://www.econbiz.de/10012803715