Measuring Well-Being for Public Policy: Preferences or Experiences?
AbstractPolicy makers seeking to enhance well-being are faced with a choice of possible measures that may offer contrasting views about how well an individual's life is going. We suggest that choice of well-being measure should be based on three general criteria: (1) the measure must be conceptually appropriate (that is, are we measuring the right sort of concept for public policy?), (2) it must be valid (that is, is it a good measure of that concept?), and (3) it must be empirically useful (that is, does it provide information in a format that can be readily used by policy makers?). Preference-based measures (as represented by income) are compared to experience-based measures (as represented by subjective evaluations of life) according to these criteria. Neither set of measures meets ideal standards, but experiences do fare at least as well as preferences, and subjective evaluations perform much better than income alone as a measure of well-being. (c) 2008 by The University of Chicago. All rights reserved..
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of Chicago Press in its journal The Journal of Legal Studies.
Volume (Year): 37 (2008)
Issue (Month): S2 (06)
Contact details of provider:
Web page: http://www.journals.uchicago.edu/JLS/
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Christoph Wunder & Johannes Schwarze, 2010. "What (If Anything) Do Satisfaction Scores Tell Us about the Intertemporal Change in Living Conditions," SOEPpapers on Multidisciplinary Panel Data Research 306, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Sima Ataollahi Eshkoor & Tengku Hamid & Siti Nudin & Chan Mun, 2014. "The Effects of Social Support, Substance Abuse and Health Care Supports on Life Satisfaction in Dementia," Social Indicators Research, Springer, vol. 116(2), pages 535-544, April.
- Paul Dolan & Georgios Kavetsos, 2012.
"Happy talk: mode of administration effects on subjective well-being,"
LSE Research Online Documents on Economics
45273, London School of Economics and Political Science, LSE Library.
- Paul Dolan & Georgios Kavetsos, 2012. "Happy Talk: Mode of Administration Effects on Subjective Well-Being," CEP Discussion Papers dp1159, Centre for Economic Performance, LSE.
- M. Salgueiro & Peter Smith & Marcel Vieira, 2013. "A multi-process second-order latent growth curve model for subjective well-being," Quality & Quantity: International Journal of Methodology, Springer, vol. 47(2), pages 735-752, February.
- Emmanouil Mentzakis & Paul McNamee & Mandy Ryan & Matthew Sutton, 2012. "Valuing Informal Care Experience: Does Choice of Measure Matter?," Social Indicators Research, Springer, vol. 108(1), pages 169-184, August.
- Oswald, Andrew J. & Wu, Stephen, 2009.
"Well-being across America,"
IZA Discussion Papers
4600, Institute for the Study of Labor (IZA).
- Edsel Beja & David Yap, 2013.
"Counting Happiness from the Individual Level to the Group Level,"
Social Indicators Research,
Springer, vol. 114(2), pages 621-637, November.
- Beja Jr, Edsel & Yap, David B., 2012. "Counting happiness from the individual level to the group level," MPRA Paper 40214, University Library of Munich, Germany.
- Martin Binder, 2013. "Subjective Well-being Capabilities: Bridging the Gap between the Capability Approach and Subjective Well-Being Research," Papers on Economics and Evolution 2013-02, Max Planck Institute of Economics, Evolutionary Economics Group.
- Mario García Molina & Liliana Alejandra Chicaíza Becerra, 2013. "Felicidad:¿reemplazar o mejorar la utilidad subjetiva?," REVISTA CUADERNOS DE ECONOMÍA, UN - RCE - CID.
- Paul Dolan & Richard Layard & Robert Metcalfe, 2011. "Measuring Subjective Wellbeing for Public Policy: Recommendations on Measures," CEP Special Papers 23, Centre for Economic Performance, LSE.
- Fumio Ohtake & Katsunori Yamada, 2013. "Appraising the Unhappiness due to the Great East Japan Earthquake: Evidence from Weekly Panel Data on Subjective Well-being," ISER Discussion Paper 0876, Institute of Social and Economic Research, Osaka University.
- Martin Binder, 2013. "Innovativeness and Subjective Well-Being," Social Indicators Research, Springer, vol. 111(2), pages 561-578, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division).
If references are entirely missing, you can add them using this form.