Preference heterogeneity over the aspects of individual well-being
Towards the construction of an applied well-being index
Bibliographic Data
| ID | 21470550 |
|---|---|
| Authors | Adi Arad (Myers-JDC-Brookdale Institute), Steven Laufer (Myers-JDC-Brookdale Institute), Zohar Or Sharvit (Myers-JDC-Brookdale Institute), Yaniv Reingewertz (0000-0002-6957-8623, Myers-JDC-Brookdale Institute, corresponding author), Michael Hartal (Hebrew University of Jerusalem) |
| Year | 2024 |
| Volume | 63 |
| Issue | 2 |
| Pages | 437-468 |
| Publication date | 2024-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Social Choice and Welfare (JOURNAL) |
| Journal identifiers | ISSN: 0176-1714 • E-ISSN: 1432-217X |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s00355-024-01537-y |
| OpenAlex | W4400807676 |
| Language | EN |
| References cited | 26 |
Measuring the well-being of individuals is a significant challenge for social scientists, policy makers, and suppliers of social programming, since well-being consists of many dimensions that are difficult to measure, both individually and collectively. Moreover, the relative contribution of each of the various aspects to overall well-being is unknown. We try to answer this challenge using the methodology of Benjamin et al. (Am Econ Rev 104(9):2698–2735, 2014) and using a survey that measures preferences over 27 aspects of individual well-being. We provide estimates of these preferences for a representative sample of the Israeli population. We also document heterogeneity in preferences for respondents with different current levels of well-being and for different demographic groups. For some aspects of well-being, we provide evidence of decreasing marginal utility. For other aspects, we find evidence for what appears to be an increasing marginal utility but we argue that it likely reflects an endogenous determination of the level of well-being. We discuss the policy implications of our findings and how our results could be aggregated to a well-being index that could be used to evaluate and compare the effects of different policy interventions
Econometrics · Economics · Microeconomics · Positive economics · Preference · Public economics · Public finance · Social policy · Social preferences · Computer Science · Decision-Making and Behavioral Economics · Economic and Environmental Valuation · Psychological Well-being and Life Satisfaction
OECD Guidelines on Measuring Subjective Well-being
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Weights in Multidimensional Indices of Wellbeing
Beyond Happiness and Satisfaction
The anatomy of subjective well-being
Controlling the False Discovery Rate
What Can Economists Learn from Happiness Research?
The effects of the Covid-19 crisis on the subjective well-being of the Israeli population–monitored phase by phase
Measuring Social Welfare
Beyond GDP
Development of a self-report measure of capability wellbeing for adults
Measuring Progress and Well-Being
Measuring Well-Being in Israel and Palestine
The Sad Truth about Happiness Scales
Measuring World Better Life Frontier
What Matters Most to People? Evidence from the OECD Better Life Index Users’ Responses
Advances in subjective well-being research
Developments in the Measurement of Subjective Well-Being
| Highly cited | No |
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