TY - UNPB
T1 - Beyond Happiness and Satisfaction
T2 - Toward Well-Being Indices Based on Stated Preference
AU - Benjamin, Daniel J
AU - Heffetz, Ori
AU - Kimball, Miles S
AU - Szembrot, Nichole
N1 - September 2012.
PY - 2012
Y1 - 2012
N2 - This paper proposes foundations and a methodology for survey-based tracking of well-being. First, we develop a theory in which utility depends on "fundamental aspects" of well-being, measurable with surveys. Second, drawing from psychologists, philosophers, and economists, we compile a comprehensive list of such aspects. Third, we demonstrate our proposed method for estimating the aspects' relative marginal utilities--a necessary input for constructing an individual-level well-being index--by asking ~4,600 U.S. survey respondents to state their preference between pairs of aspect bundles. We estimate high relative marginal utilities not only for happiness and life satisfaction, but also for aspects related to family, health, security, values, and freedoms.
AB - This paper proposes foundations and a methodology for survey-based tracking of well-being. First, we develop a theory in which utility depends on "fundamental aspects" of well-being, measurable with surveys. Second, drawing from psychologists, philosophers, and economists, we compile a comprehensive list of such aspects. Third, we demonstrate our proposed method for estimating the aspects' relative marginal utilities--a necessary input for constructing an individual-level well-being index--by asking ~4,600 U.S. survey respondents to state their preference between pairs of aspect bundles. We estimate high relative marginal utilities not only for happiness and life satisfaction, but also for aspects related to family, health, security, values, and freedoms.
U2 - 10.3386/w18374
DO - 10.3386/w18374
M3 - מסמך עבודה
T3 - NBER working paper series
BT - Beyond Happiness and Satisfaction
PB - National Bureau of Economic Research
CY - Cambridge, Mass
ER -