The Metrics of Subjective Wellbeing: Cardinality, Neutrality and Additivity
Abstract
The use of subjective wellbeing (SWB) data in economic analysis has increased dramatically in recent years and has now become mainstream, despite some lingering concerns about the quality of these data. Although the psychology literature to a certain extent has succeeded in addressing the issues of interpersonal, intertemporal and international comparison of SWB data, the issues of cardinality, neutrality and additivity continue to be contentious among economists. This article surveys the existing literature relevant to these issues in an effort to provide clarity and thus assist SWB data users to develop more robust research designs. Copyright © 2009 The Economic Society of Australia.Download Info
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Article provided by The Economic Society of Australia in its journal Economic Record.
Volume (Year): 86 (2010)
Issue (Month): 272 (03)
Pages: 98-123
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Inga Kristoffersen, 2011. "The Subjective Wellbeing Scale: How Reasonable is the Cardinality Assumption?," Economics Discussion / Working Papers 11-15, The University of Western Australia, Department of Economics.
- Ambrey, Christopher L. & Fleming, Christopher M., 2012. "Public greenspace and life satisfaction in urban Australia," 2012 Conference (56th), February 7-10, 2012, Freemantle, Australia 124302, Australian Agricultural and Resource Economics Society.
- Prinz, Aloys & Bünger, Björn, 2011. "The usefulness of a Happy Income Index," CAWM Discussion Papers 15, Center of Applied Economic Research Münster (CAWM), University of Münster.
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