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The Construction of a Synthetic Index Comparing Multidimensional Well-Being in the European Union

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  • Enrico Ivaldi

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  • Guido Bonatti
  • Riccardo Soliani

Abstract

For many years, the quantification and measurement of level of well-being in a society has become an object of study by researchers, economists, international organizations and institutions. The purpose of these researches and applications is mainly the collection of data as accurate and complete as possible, dictating the paths of economic and social development policies, in order to help the economic problem of allocating scarce resources within a community, where not all individual needs can be fully met. The present work is intended as a part of that field. It will undertake the construction of a composite index of multidimensional well-being, through an aggregation of data, able to balance the trade-off between immediacy and completeness of information and to trespass the limits that characterize the commonly used income related measures. The method of factor analysis, which aims at detecting a statistically sufficient number of variables, is used to represent most of the explained variance of the phenomenon. Results are tested with different aggregative processes. This analysis is applied to the reality of the European Union, characterized by deep transformation and cultural, economic and social inequalities. Copyright Springer Science+Business Media Dordrecht 2016

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  • Enrico Ivaldi & Guido Bonatti & Riccardo Soliani, 2016. "The Construction of a Synthetic Index Comparing Multidimensional Well-Being in the European Union," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 125(2), pages 397-430, January.
  • Handle: RePEc:spr:soinre:v:125:y:2016:i:2:p:397-430
    DOI: 10.1007/s11205-014-0855-8
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    Cited by:

    1. Ivaldi, Enrico & Bonatti, Guido & Soliani, Riccardo, 2016. "Is there a two-speed europe also in the well-being? - Esiste un’Europa a due velocità anche nel benessere ?," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 69(1), pages 45-68.
    2. repec:eeb:articl:v:3:y:2017:n:2:p:87-121 is not listed on IDEAS
    3. Guido Bonatti & Enrico Ivaldi, 2016. "Un indicatore per la misurazione della partecipazione culturale e sociale nelle regioni italiane," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2016(2), pages 283-302.
    4. repec:spr:soinre:v:136:y:2018:i:3:d:10.1007_s11205-016-1536-6 is not listed on IDEAS
    5. Claudia Burlando & Enrico Ivaldi & Alfonso Camporeale, 2016. "Un indicatore di qualità percepita per il trasporto pubblico urbano: analisi delle macro-aree italiane," ECONOMIA E DIRITTO DEL TERZIARIO, FrancoAngeli Editore, vol. 2016(2), pages 267-282.
    6. Enrico Ivaldi, 2016. "Material and social deprivation in Italy: an analysis on a regional basis," Eastern European Business and Economics Journal, Eastern European Business and Economics Studies Centre, vol. 2(3), pages 248-268.
    7. Delhey, Jan & Steckermeier, Leonie C., 2016. "The Good Life, Affluence, and Self-reported Happiness: Introducing the Good Life Index and Debunking Two Popular Myths," World Development, Elsevier, vol. 88(C), pages 50-66.
    8. Giancarlo MANZI & Pier Alda FERRARI & Sonia STEFANIZZI, 2017. "On the Impact of the European Union in Citizens’ Perception of Quality of Life," Departmental Working Papers 2017-08, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    9. repec:spr:soinre:v:138:y:2018:i:3:d:10.1007_s11205-017-1686-1 is not listed on IDEAS
    10. repec:spr:soinre:v:134:y:2017:i:3:d:10.1007_s11205-016-1452-9 is not listed on IDEAS

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