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The heterogeneity of wellbeing "expenditure" preferences

Author

Listed:
  • Leonardo Becchetti

    (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

  • Luisa Corrado

    (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

  • Maurizio Fiaschetti

    (Associazione Italiana per la Cultura della Cooperazione e del Non Profit)

Abstract

With an online survey on major Italian newspapers we ask respondents to simulate the typical policymaker decision, that is, the dilemma of allocating scarce financial resources among alternative competing goals using the domains of the newly defined Italian BES (sustainable and equitable wellbeing) indicators. We find that two major factors explaining heterogeneity in preferences on expenditure in major wellbeing domains are left/right wing political orientation and low/high education. With regard to political orientation we identify “large coalition” items where left/right positions are similar and domains where opinion are more polarized. Overall, our findings document that left wing respondents would spend relatively more on environment, research and innovation, culture and education and relatively less on safety and measures directly aimed at improving economic wellbeing. We conclude that these findings make themselves significantly more oriented toward environmental sustainability in a hypothetical trade?off between economic growth and the latter.

Suggested Citation

  • Leonardo Becchetti & Luisa Corrado & Maurizio Fiaschetti, 2013. "The heterogeneity of wellbeing "expenditure" preferences," AICCON Working Papers 128-2013, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.
  • Handle: RePEc:ris:aiccon:2013_128
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    References listed on IDEAS

    as
    1. Andrew J. Oswald & Nattavudh Powdthavee, 2010. "Daughters and Left-Wing Voting," The Review of Economics and Statistics, MIT Press, vol. 92(2), pages 213-227, May.
    2. Becchetti, Leonardo & Castriota, Stefano & Corrado, Luisa & Ricca, Elena Giachin, 2013. "Beyond the Joneses: Inter-country income comparisons and happiness," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 45(C), pages 187-195.
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    Cited by:

    1. Luisa Corrado & Giuseppe De Michele, 2016. "Mind the Gap: Identifying Latent Objective and Subjective Multi-dimensional Indices of Well-Being," CEIS Research Paper 386, Tor Vergata University, CEIS, revised 24 Jun 2016.

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    More about this item

    Keywords

    wellbeing indicators; political preferences; wellbeing preferences;
    All these keywords.

    JEL classification:

    • H00 - Public Economics - - General - - - General
    • I00 - Health, Education, and Welfare - - General - - - General

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