IDEAS home Printed from https://ideas.repec.org/a/ula/econom/v34y2009i28p9-34.html

Subjective economic welfare: Beyond growth

Author

Listed:
  • Victoria Giarrizzo

    (Facultad de Ciencias Económicas, Universidad de Buenos Aires (UBA). Julián Alvarez 2405 6toB. Ciudad de Buenos Aires, Argentina. Código postal 1425.)

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
    as

    Download full text from publisher

    File URL: ftp://iies.faces.ula.ve/Pdf/Revista28/Rev28Giarrizzo.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Bruno S. Frey & Alois Stutzer, 1999. "Measuring Preferences by Subjective Well-Being," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(4), pages 755-778, December.
    2. Paolo Figini, 1998. "Measuring Inequality: On the Correlation of Indices," Economics Technical Papers 987, Trinity College Dublin, Department of Economics.
    3. W. E. Armstrong, 1951. "Utility And The Theory Of Welfare," Oxford Economic Papers, Oxford University Press, vol. 3(3), pages 259-271.
    4. Rainer Winkelmann, 2005. "Subjective well-being and the family: Results from an ordered probit model with multiple random effects," Empirical Economics, Springer, vol. 30(3), pages 749-761, October.
    5. Shorrocks, Anthony F, 1984. "Inequality Decomposition by Population Subgroups," Econometrica, Econometric Society, vol. 52(6), pages 1369-1385, November.
    6. Paolo Figini, 2000. "Measuring Inequality: On the Correlation Between Indices," LIS Working papers 229, LIS Cross-National Data Center in Luxembourg.
    7. Lokshin, Michael & Ravallion, Martin, 2005. "Rich and powerful?: Subjective power and welfare in Russia," Journal of Economic Behavior & Organization, Elsevier, vol. 56(2), pages 141-172, February.
    8. Sen, Amartya K, 1976. "Poverty: An Ordinal Approach to Measurement," Econometrica, Econometric Society, vol. 44(2), pages 219-231, March.
    9. Ravallion, Martin & Lokshin, Michael, 1999. "Subjective economic welfare," Policy Research Working Paper Series 2106, The World Bank.
    10. van Praag, B. M. S. & Frijters, P. & Ferrer-i-Carbonell, A., 2003. "The anatomy of subjective well-being," Journal of Economic Behavior & Organization, Elsevier, vol. 51(1), pages 29-49, May.
    11. Easterlin, Richard A., 2001. "Subjective well-being and economic analysis: a brief introduction," Journal of Economic Behavior & Organization, Elsevier, vol. 45(3), pages 225-226, July.
    12. Alois Stutzer & Bruno S. Frey, 2004. "Reported Subjective Well-Being: A Challenge for Economic Theory and Economic Policy," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 124(2), pages 191-231.
    13. van Praag, Bernard M. S., 1991. "Ordinal and cardinal utility : An integration of the two dimensions of the welfare concept," Journal of Econometrics, Elsevier, vol. 50(1-2), pages 69-89, October.
    14. Martin Ravallion & Michael Lokshin, 2001. "Identifying Welfare Effects from Subjective Questions," Economica, London School of Economics and Political Science, vol. 68(271), pages 335-357, August.
    15. repec:bla:econom:v:68:y:2001:i:271:p:335-57 is not listed on IDEAS
    16. Shorrocks, Anthony F, 1995. "Revisiting the Sen Poverty Index," Econometrica, Econometric Society, vol. 63(5), pages 1225-1230, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ada Ferrer-i-Carbonell, 2013. "Happiness economics," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 4(1), pages 35-60, March.
    2. Michael Lokshin & Nithin Umapathi & Stefano Paternostro, 2006. "Robustness of subjective welfare analysis in a poor developing country: Madagascar 2001," Journal of Development Studies, Taylor & Francis Journals, vol. 42(4), pages 559-591.
    3. Ada Ferrer-i-Carbonell, 2002. "Subjective Questions to Measure Welfare and Well-being," Tinbergen Institute Discussion Papers 02-020/3, Tinbergen Institute.
    4. Nattavudh Powdthavee, 2005. "Unhappiness and Crime: Evidence from South Africa," Economica, London School of Economics and Political Science, vol. 72(287), pages 531-547, August.
    5. Ferrer-i-Carbonell, Ada & van Praag, Bernard M. S., 2001. "Poverty in the Russian Federation," IZA Discussion Papers 259, IZA Network @ LISER.
    6. Bruno S. Frey & Alois Stutzer, 2002. "What Can Economists Learn from Happiness Research?," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 402-435, June.
    7. Arthur Charpentier & Stéphane Mussard, 2011. "Income inequality games," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 9(4), pages 529-554, December.
    8. repec:qeh:ophiwp:ophiwp068 is not listed on IDEAS
    9. Ada Ferrer-i-Carbonell & Bernard Van Praag, 2001. "Poverty in Russia," Journal of Happiness Studies, Springer, vol. 2(2), pages 147-172, June.
    10. Alois Stutzer & Bruno S. Frey, 2004. "Reported Subjective Well-Being: A Challenge for Economic Theory and Economic Policy," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 124(2), pages 191-231.
    11. Dávila Quintana, C. Delia & Garcia, Vanessa del Pino González & Feijoó, Santiago Rodri­guez & Caro, Alejandro Rodri­guez, 2008. "Describing poverty in an ultraperipheral region: The case of the Canary Islands," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(3), pages 1119-1133, June.
    12. Selezneva, Ekaterina, 2011. "Surveying transitional experience and subjective well-being: Income, work, family," Economic Systems, Elsevier, vol. 35(2), pages 139-157, June.
    13. Mussard, Stéphane & Pi Alperin, Maria Noel, 2011. "Poverty growth in Scandinavian countries: A Sen multi-decomposition," Economic Modelling, Elsevier, vol. 28(6), pages 2842-2853.
    14. Chakravarty, Satya R. & Deutsch, Joseph & Silber, Jacques, 2008. "On the Watts Multidimensional Poverty Index and its Decomposition," World Development, Elsevier, vol. 36(6), pages 1067-1077, June.
    15. Lisa Hoeschle & Shuang Liu & Xiaohua Yu, 2025. "Let the Poor Talk About “Poverty”: Revisiting Poverty Alleviation in Rural China With Machine Learning," Poverty & Public Policy, John Wiley & Sons, vol. 17(2), June.
    16. Maite Blázquez Cuesta & Elena Cottini & Herrarte, A. (Ainhoa), 2012. "GINI DP 39: Socioeconomic Gradient in Health: How Important is Material Deprivation?," GINI Discussion Papers 39, AIAS, Amsterdam Institute for Advanced Labour Studies.
    17. Clemens Tesch-Römer & Andreas Motel-Klingebiel & Martin Tomasik, 2008. "Gender Differences in Subjective Well-Being: Comparing Societies with Respect to Gender Equality," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 85(2), pages 329-349, January.
    18. Bonsang, Eric & Klein, Tobias J., 2012. "Retirement and subjective well-being," Journal of Economic Behavior & Organization, Elsevier, vol. 83(3), pages 311-329.
    19. Zelda Okatch & Abu Siddique & Anu Rammohan, 2013. "Determinants of Income Inequality in Botswana," Economics Discussion / Working Papers 13-15, The University of Western Australia, Department of Economics.
    20. Jhonatan Clausen & Nicolas Barrantes & Carolina Trivelli & Fabio Salas, 2025. "Evaluating Poverty in all its Forms and Dimensions: Monetary, Multidimensional, and Subjective Poverty in Peru," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 179(2), pages 861-893, September.
    21. Janssens, W. & Sefoko, N. & van Rooyen, Johan & Bostyn, F., 2006. "Measuring perceived black economic empowerment in the South African wine industry," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 45(4), pages 1-25, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ula:econom:v:34:y:2009:i:28:p:9-34. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alexis Vásquez The email address of this maintainer does not seem to be valid anymore. Please ask Alexis Vásquez to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/iiulave.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.