Measuring Human Capabilities (previously entitled "The Development of Capability Indicators and their Relation of Life Satisfaction")
AbstractThe paper is motivated by sustained interest in the capabilities approach to welfare economics combined with the purported paucity of economic statistics that measure capabilities at the individual level. Specifically, it takes a focal account of normatively desirable capabilities constitutive of a good life and operationalizes that account by means of a new survey instrument used to elicit information about capabilities at the individual level. The paper explores the extent to which these capabilities are co-variates of a life satisfaction measure of utility ('happiness') and finds that many are. Aspects of robustness are explored using standard socio-demographic variables as well as a relatively novel control for personality; in addition, a range of different models are explored and sub-population differences are examined.
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Bibliographic InfoPaper provided by The Open University, Faculty of Social Sciences, Department of Economics in its series Open Discussion Papers in Economics with number 53.
Length: 37 pages
Date of creation: Sep 2005
Date of revision: Dec 2006
Contact details of provider:
Postal: Walton Hall, Milton Keynes, MK7 6AA
Web page: http://www.open.ac.uk/socialsciences/about-the-faculty/departments/economics/research/discussion-papers.php
More information through EDIRC
capabilities; indicators; measurement; human development; welfare; happiness; life satisfaction; controls; personality;
Find related papers by JEL classification:
- D60 - Microeconomics - - Welfare Economics - - - General
- C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
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