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A New Approach to Multidimensional Ordinal Welfare Measurement: Country and Urban Level Evidence

Author

Listed:
  • Hussain, M. Azhar

    (Department of Finance and Economics, University of Sharjah, UAE, and visiting professor at Department of So- cial Science and Business, Roskilde University, Denmark)

  • Mulalic, Ismir

    (Department of Economics, Copenhagen Business School)

  • Østerdal, Lars Peter

    (Department of Economics, Copenhagen Business School)

Abstract

We develop a model for comparing welfare across populations, where individual well-being is captured through multiple ordinal indicators. Within an axiomatic framework, we introduce a new measure of relative population welfare that is intuitive and respects the ordinal nature of the data. This measure also enables the computation of an overall inequality index. To demonstrate its application, we use the model to compare welfare across European countries and to analyze welfare and inequality trends in the Copenhagen metropolitan area.

Suggested Citation

  • Hussain, M. Azhar & Mulalic, Ismir & Østerdal, Lars Peter, 2025. "A New Approach to Multidimensional Ordinal Welfare Measurement: Country and Urban Level Evidence," Working Papers 10-2025, Copenhagen Business School, Department of Economics.
    • Handle: RePEc:hhs:cbsnow:2025_010
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    Keywords

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    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I00 - Health, Education, and Welfare - - General - - - General
    • P50 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - General
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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