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Subjective economic welfare: Beyond growth

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  • Victoria Giarrizzo

    ()
    (Facultad de Ciencias Económicas, Universidad de Buenos Aires (UBA). Ciudad de Buenos Aires, Argentina.)

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    Abstract

    It is common that economists are used to establish a direct relationship between growth and welfare. Nevertheless, the link among these variables not always is so virtuous. This suspicion went in the last years to investigating about the perception of people on your proper welfare. The slogan was: to know if the positive variations in the growth, the revenue or the employment generate earnings of welfare, it is necessary to consult the individuals. The subjective studies of welfare increased substantially since then, confirming the suspicions: improvements in the objective indicators of welfare not always are perceived as such by the individuals. The intention of this work will be to develop an Index of Economic Welfare that allows measure the welfare perceived by the population. The results obtained in the Argentine economy between 2005 and 2008 will be presented, and his results will be compared with the evolution of the objective indicators.

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    Bibliographic Info

    Article provided by Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela in its journal Economía.

    Volume (Year): 34 (2009)
    Issue (Month): 28 (July-December)
    Pages: 9-34

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    Handle: RePEc:ula:econom:v:34:y:2009:i:28:p:9-34

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    Postal: Facultad de Ciencias Económicas y Sociales. Instituto de Investigaciones Económicas y Sociales. Campus Universitario Liria, Edificio G, Tercer Nivel. Mérida 5101, Estado Mérida, Venezuela
    Phone: +58 74 401111 ext. 1081
    Fax: +58 74 401120
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    Web page: http://iies.faces.ula.ve/
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    Related research

    Keywords: Welfare; growth; economic; poverty; income.;

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    References

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    1. Ravallion, Martin & Lokshin, Michael, 2000. "Identifying welfare effects from subjective questions," Policy Research Working Paper Series 2301, The World Bank.
    2. Ravallion, Martin & Lokshin, Michael, 2002. "Rich and powerful? Subjective power and welfare in Russia," Policy Research Working Paper Series 2854, The World Bank.
    3. Bernard M.S. van Praag & P. Frijters & A. Ferrer-i-Carbonell, 2002. "The Anatomy of Subjective Well-being," Tinbergen Institute Discussion Papers 02-022/3, Tinbergen Institute.
    4. Alois Stutzer & Bruno S. Frey, 2003. "Reported Subjective Well-Being: A Challenge for Economic Theory and Economic Policy," CREMA Working Paper Series 2003-07, Center for Research in Economics, Management and the Arts (CREMA).
    5. Bernard M.S. van Praag & P. Frijters & A. Ferrer-i-Carbonell, 2002. "The Anatomy of Subjective Well-being," Tinbergen Institute Discussion Papers 02-022/3, Tinbergen Institute.
    6. van Praag, Bernard M. S., 1991. "Ordinal and cardinal utility : An integration of the two dimensions of the welfare concept," Journal of Econometrics, Elsevier, vol. 50(1-2), pages 69-89, October.
    7. Ravallion, Martin & Lokshin, Michael, 1999. "Subjective economic welfare," Policy Research Working Paper Series 2106, The World Bank.
    8. Bruno S. Frey & Alois Stutzer, 1999. "Measuring Preferences by Subjective Well-Being," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(4), pages 755-778, December.
    9. Paolo Figini, 1998. "Measuring Inequality: On the Correlation of Indices," Economics Technical Papers 987, Trinity College Dublin, Department of Economics.
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