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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.)

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.

Suggested Citation

  • Victoria Giarrizzo, 2009. "Subjective economic welfare: Beyond growth," Economía, Instituto de Investigaciones Económicas y Sociales (IIES). Facultad de Ciencias Económicas y Sociales. Universidad de Los Andes. Mérida, Venezuela, vol. 34(28), pages 9-34, July-Dece.
  • Handle: RePEc:ula:econom:v:34:y:2009:i:28:p:9-34
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    References listed on IDEAS

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    More about this item

    Keywords

    Welfare; growth; economic; poverty; income.;

    JEL classification:

    • I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
    • D6 - Microeconomics - - Welfare Economics

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