Embedding as a Pitfall for Survey-Based Welfare Indicators: Evidence from an Experiment
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Clemens Hetschko & Louisa von Reumont & Ronnie Schöb, 2019. "Embedding as a pitfall for survey‐based welfare indicators: evidence from an experiment," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 182(2), pages 517-539, February.
- Hetschko, Clemens & von Reumont, Louisa & Schöb, Ronnie, 2017. "Embedding as a pitfall for survey-based welfare indicators: Evidence from an experiment," Discussion Papers 2017/8, Free University Berlin, School of Business & Economics.
References listed on IDEAS
- Catherine L. Kling & Daniel J. Phaneuf & Jinhua Zhao, 2012.
"From Exxon to BP: Has Some Number Become Better Than No Number?,"
Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 3-26, Fall.
- Kling, Catherine Louise, 2012. "From Exxon to BP: Has Some Number Become Better than No Number?," Staff General Research Papers Archive 35576, Iowa State University, Department of Economics.
- Kling, Catherine Louise, 2012. "From Exxon to BP: Has Some Number Become Better than No Number?," Staff General Research Papers Archive 35577, Iowa State University, Department of Economics.
- Kling, Catherine L. & Phaneuf, Daniel J. & Zhao, Jinhua, 2012. "From Exxon to BP: Has Some Number Become Better Than No Number?," ISU General Staff Papers 201210010700001014, Iowa State University, Department of Economics.
- Richard H. Thaler & Shlomo Benartzi, 2001. "Naive Diversification Strategies in Defined Contribution Saving Plans," American Economic Review, American Economic Association, vol. 91(1), pages 79-98, March.
- Hideyuki Mizobuchi, 2014. "Measuring World Better Life Frontier: A Composite Indicator for OECD Better Life Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 118(3), pages 987-1007, September.
- M. Marković & S. Zdravković & M. Mitrović & A. Radojičić, 2016. "An Iterative Multivariate Post Hoc I-Distance Approach in Evaluating OECD Better Life Index," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 126(1), pages 1-19, March.
- Peter A. Diamond & Jerry A. Hausman, 1994. "Contingent Valuation: Is Some Number Better than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 45-64, Fall.
- Daniel J. Benjamin & Ori Heffetz & Miles S. Kimball & Nichole Szembrot, 2013.
"Aggregating Local Preferences to Guide Marginal Policy Adjustments,"
American Economic Review, American Economic Association, vol. 103(3), pages 605-610, May.
- Daniel J. Benjamin & Ori Heffetz & Miles S. Kimball & Nichole Szembrot, 2013. "Aggregating Local Preferences to Guide Marginal Policy Adjustments," NBER Working Papers 18787, National Bureau of Economic Research, Inc.
- W. Michael Hanemann, 1994. "Valuing the Environment through Contingent Valuation," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 19-43, Fall.
- Loomis John & Lockwood Michael & DeLacy Terry, 1993. "Some Empirical Evidence on Embedding Effects in Contingent Valuation of Forest Protection," Journal of Environmental Economics and Management, Elsevier, vol. 25(1), pages 45-55, July.
- Daniel J. Benjamin & Ori Heffetz & Miles S. Kimball & Nichole Szembrot, 2014.
"Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference,"
American Economic Review, American Economic Association, vol. 104(9), pages 2698-2735, September.
- Daniel J. Benjamin & Ori Heffetz & Miles S. Kimball & Nichole Szembrot, 2012. "Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference," NBER Working Papers 18374, National Bureau of Economic Research, Inc.
- Martine Durand, 2015. "The OECD Better Life Initiative: How's Life? and the Measurement of Well-Being," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 61(1), pages 4-17, March.
- Jerry Hausman, 2012. "Contingent Valuation: From Dubious to Hopeless," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 43-56, Fall.
- Delhey, Jan & Kroll, Christian, 2012. "A "happiness test" for the new measures of national well-being: How much better than GDP are they?," Discussion Papers, Research Unit: Inequality and Social Integration SP I 2012-201, WZB Berlin Social Science Center.
- Fleurbaey, Marc & Blanchet, Didier, 2013. "Beyond GDP: Measuring Welfare and Assessing Sustainability," OUP Catalogue, Oxford University Press, number 9780199767199.
- Daniel J. Benjamin & Kristen B. Cooper & Ori Heffetz & Miles Kimball, 2017.
"Challenges in Constructing a Survey-Based Well-Being Index,"
American Economic Review, American Economic Association, vol. 107(5), pages 81-85, May.
- Daniel J. Benjamin & Kristen Cooper & Ori Heffetz & Miles S. Kimball, 2017. "Challenges in Constructing a Survey-Based Well-Being Index," NBER Working Papers 23111, National Bureau of Economic Research, Inc.
- Diane Coyle, 2014. "GDP: A Brief but Affectionate History," Economics Books, Princeton University Press, edition 1, number 10183.
- McDaniels, Timothy L. & Gregory, Robin & Arvai, Joseph & Chuenpagdee, Ratana, 2003. "Decision structuring to alleviate embedding in environmental valuation," Ecological Economics, Elsevier, vol. 46(1), pages 33-46, August.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Clemens Hetschko & Louisa von Reumont & Ronnie Schöb, 2019. "Die Schwierigkeit, soziale Wohlfahrt zu messen: Einbettungseffekte im OECD Better Life Index," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(18), pages 24-26, September.
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.- von Reumont, Louisa & Schöb, Ronnie & Hetschko, Clemens, 2017. "Embedding Effects in the OECD Better Life Index," VfS Annual Conference 2017 (Vienna): Alternative Structures for Money and Banking 168133, Verein für Socialpolitik / German Economic Association.
- John C. Whitehead, 2024. "They doth protest too much, methinks: Reply to “Reply to Whitehead”," Working Papers 24-04, Department of Economics, Appalachian State University.
- Daniel A. Brent & Lata Gangadharan & Anke D. Leroux & Paul A. Raschky, 2022.
"Reducing bias in preference elicitation for environmental public goods,"
Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(2), pages 280-308, April.
- Brent, Daniel A. & Gangadharan, Lata & Leroux, Anke D. & Raschky, Paul A., 2022. "Reducing bias in preference elicitation for environmental public goods," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 66(02), January.
- Timothy C. Haab & Matthew G. Interis & Daniel R. Petrolia & John C. Whitehead, 2013.
"From Hopeless to Curious? Thoughts on Hausman's "Dubious to Hopeless" Critique of Contingent Valuation,"
Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 35(4), pages 593-612.
- Timothy C. Haab & Matthew G. Interis & Daniel R. Petrolia & John C. Whitehead, 2013. "From Hopeless to Curious? Thoughts on Hausman's 'Dubious to Hopeless' Critique of Contingent Valuation," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 35(4), pages 593-612.
- Timothy C. Haab & Matthew G. Interis & Daniel R. Petrolia & John C. Whitehead, 2013. "From Hopeless to Curious? Thoughts on Hausman’s “Dubious to Hopeless” Critique of Contingent Valuation," Working Papers 13-07, Department of Economics, Appalachian State University.
- Daniel A. Brent & Lata Gangadharan & Anke Leroux & Paul A. Raschky, 2014. "Putting One's Money Where One's Mouth is: Increasing Saliency in the Field," Monash Economics Working Papers 43-14, Monash University, Department of Economics.
- Felix Schläpfer, 2021. "Inadequate Standards in the Valuation of Public Goods and Ecosystem Services: Why Economists, Environmental Scientists and Policymakers Should Care," Sustainability, MDPI, vol. 13(1), pages 1-10, January.
- Brent, Daniel A. & Gangadharan, Lata & Leroux, Anke & Raschky, Paul, 2016.
"Putting Your Money Where Your Month Is,"
2016 Conference (60th), February 2-5, 2016, Canberra, Australia
235377, Australian Agricultural and Resource Economics Society.
- Daniel A. Brent & Lata Gangadharan & Anke Leroux & Paul A. Raschky, 2016. "Putting Your Money Where Your Mouth Is," Monash Economics Working Papers 42-16, Monash University, Department of Economics.
- Alem, Yonas & Eggert, Håkan & Kocher, Martin G. & Ruhinduka, Remidius D., 2018.
"Why (field) experiments on unethical behavior are important: Comparing stated and revealed behavior,"
Journal of Economic Behavior & Organization, Elsevier, vol. 156(C), pages 71-85.
- Alem, Yonas & Eggert, Håkan & Kocher, Martin G. & Ruhinduka, Remidius D., 2016. "Why (field) experiments on unethical behavior are important:Comparing stated and revealed behavior," Working Papers in Economics 664, University of Gothenburg, Department of Economics.
- Cook, David & Davíðsdóttir, Brynhildur & Kristófersson, Daði Már, 2016. "Energy projects in Iceland – Advancing the case for the use of economic valuation techniques to evaluate environmental impacts," Energy Policy, Elsevier, vol. 94(C), pages 104-113.
- Caffey, Rex H. & Wang, Hua & Petrolia, Daniel R., 2014. "Trajectory economics: Assessing the flow of ecosystem services from coastal restoration," Ecological Economics, Elsevier, vol. 100(C), pages 74-84.
- Whitehead, John C., 2016.
"Plausible responsiveness to scope in contingent valuation,"
Ecological Economics, Elsevier, vol. 128(C), pages 17-22.
- John C. Whitehead, 2015. "Plausible Responsiveness to Scope in Contingent Valuation," Working Papers 15-07, Department of Economics, Appalachian State University, revised 2016.
- Oerlemans, Leon A.G. & Chan, Kai-Ying & Volschenk, Jako, 2016. "Willingness to pay for green electricity: A review of the contingent valuation literature and its sources of error," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 875-885.
- Fusco, Elisa, 2023. "Potential improvements approach in composite indicators construction: The Multi-directional Benefit of the Doubt model," Socio-Economic Planning Sciences, Elsevier, vol. 85(C).
- Diane Dupont, 2003. "CVM Embedding Effects When There Are Active, Potentially Active and Passive Users of Environmental Goods," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 25(3), pages 319-341, July.
- Ahlheim, Michael & Schneider, Friedrich, 2013.
"Considering household size in Contingent Valuation studies,"
FZID Discussion Papers
68-2013, University of Hohenheim, Center for Research on Innovation and Services (FZID).
- Ahlheim, Michael & Schneider, Friedrich, 2013. "Considering household size in contingent valuation studies," MPRA Paper 62898, University Library of Munich, Germany.
- Ahlheim, Michael & Schneider, Friedrich, 2013. "Considering Household Size in Contingent Valuation Studies," VfS Annual Conference 2013 (Duesseldorf): Competition Policy and Regulation in a Global Economic Order 79974, Verein für Socialpolitik / German Economic Association.
- Levan Elbakidze & Rodolfo M. Nayga, 2018. "The Adding-Up Test in an Incentivized Value Elicitation Mechanism: The Role of the Income Effect," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 71(3), pages 625-644, November.
- Anders Dugstad & Kristine Grimsrud & Gorm Kipperberg & Henrik Lindhjem & Ståle Navrud, 2020. "Scope elasticity and economic significance in discrete choice experiments," Discussion Papers 942, Statistics Norway, Research Department.
- Amoah, Anthony & Ferrini, Silvia & Schaafsma, Marije, 2019. "Electricity outages in Ghana: Are contingent valuation estimates valid?," Energy Policy, Elsevier, vol. 135(C).
- Baker, Rick & Ruting, Brad, 2014. "Environmental Policy Analysis: A Guide to Non‑Market Valuation," 2014 Conference (58th), February 4-7, 2014, Port Macquarie, Australia 165810, Australian Agricultural and Resource Economics Society.
- Daniel J. Benjamin & Kristen Cooper & Ori Heffetz & Miles S. Kimball, 2023. "From Happiness Data to Economic Conclusions," NBER Working Papers 31727, National Bureau of Economic Research, Inc.
More about this item
Keywords
beyond GDP; welfare measurement; survey-based welfare indicators; OECD Better Life Index; embedding effect;All these keywords.
JEL classification:
- B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
- I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
NEP fields
This paper has been announced in the following NEP Reports:- NEP-HAP-2017-11-05 (Economics of Happiness)
- NEP-HME-2017-11-05 (Heterodox Microeconomics)
Statistics
Access and download statisticsCorrections
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:ces:ceswps:_6419. 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: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/cesifde.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.