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A Sensitivity Analysis Of Quality Of Life Indices Across Countries

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  • Rahman, Tauhidur
  • Mittelhammer, Ronald C.
  • Wandschneider, Philip R.

Abstract

This paper attempts to provide a comprehensive analysis of interrelationships among the determinants of the Quality of Life (QOL). We show that various measures of well-being are highly sensitive to domains of QOL that are considered in the construction of comparative indices, and how measurable inputs into the well-being indicators are aggregated and weighted to arrive at composite measures of QOL. We present a picture of conditions among the 43 countries of the world with respect to such interrelated domains of QOL as the relationship with family and friends, emotional well-being, health, work and productivity, material well-being, feeling part of one's community, personal safety, and the quality of environment. On the basis of Borda Rule and the principal components approach, we search for factor-indices that may function as QOL indices comparatively across countries. Such indices can be useful in making QOL comparisons and evaluations with reference to both time and place. Comparing and analyzing well-being conditions among countries in this way are aimed at facilitating the discovery of extant of problems with government policies impacting QOL.

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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2003 Annual meeting, July 27-30, Montreal, Canada with number 22045.

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Date of creation: 2003
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Handle: RePEc:ags:aaea03:22045

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Keywords: quality of life; domains; Borda rule; principal components; and rankings; Institutional and Behavioral Economics; I31; D60; D63;

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  1. Osberg, L. & Sharpe, A., 1998. "An Index of Economic Well-being for Canada," Department of Economics at Dalhousie University working papers archive 98-08, Dalhousie, Department of Economics.
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  5. repec:fth:dalhou:98-08 is not listed on IDEAS
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  14. David E. Bloom & Jeffrey D. Sachs, 1998. "Geography, Demography, and Economic Growth in Africa," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(2), pages 207-296.
  15. Miringoff, Marc L. & Miringoff, Marque-Luisa, 1999. "The Social Health of the Nation: How America is Really Doing," OUP Catalogue, Oxford University Press, number 9780195133493, September.
  16. Hicks, Norman & Streeten, Paul, 1979. "Indicators of development: The search for a basic needs yardstick," World Development, Elsevier, vol. 7(6), pages 567-580, June.
  17. Fine, B & Fine, K, 1974. "Social Choice and Individual Rankings II," Review of Economic Studies, Wiley Blackwell, vol. 41(4), pages 459-75, October.
  18. Sen, Amartya, 1981. "Public Action and the Quality of Life in Developing Countries," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 43(4), pages 287-319, November.
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