Using Efficiency Analysis to Measure Individual Well-Being with an Illustration for Catalonia
AbstractThis paper shows how distance functions, a tool typically employed in production economics to measure the distance between a set of inputs and a set of outputs, can be employed to approximate a composite measure encompassing the many dimensions of well-being. It also illustrates how to implement the methodology originally put forth by Lovell et al. (1994), using new data for Catalonia. We draw policy implications and critically appraise the discussed methodology suggesting avenues for further research.
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 1748.
Length: 44 pages
Date of creation: Sep 2005
Date of revision:
Publication status: published in: Nanak Kakwani and Jacques Silver (eds.): Quantitative Approaches to Multidimensional Poverty Measure, Palgrave Macmillan, 2007
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Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-10-15 (All new papers)
- NEP-EFF-2005-10-15 (Efficiency & Productivity)
- NEP-LTV-2005-10-15 (Unemployment, Inequality & Poverty)
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