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The heterogeneity of wellbeing “expenditure” preferences: evidence from a simulated allocation choice on the BES indicators

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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: evidence from a simulated allocation choice on the BES indicators," CEIS Research Paper 297, Tor Vergata University, CEIS, revised 12 Nov 2013.
  • Handle: RePEc:rtv:ceisrp:297
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    Cited by:

    1. repec:spr:soinre:v:136:y:2018:i:2:d:10.1007_s11205-017-1566-8 is not listed on IDEAS
    2. Leonardo Becchetti & Pierluigi Conzo, 2018. "Preferences for Well-Being and Life Satisfaction," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 136(2), pages 775-805, April.
    3. 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.
    4. repec:spr:soinre:v:136:y:2018:i:3:d:10.1007_s11205-016-1538-4 is not listed on IDEAS
    5. Cristina Bernini & Alessandro Tampieri, 2017. "The Happiness Function in Italian Cities," CREA Discussion Paper Series 17-07, Center for Research in Economic Analysis, University of Luxembourg.

    More about this item

    Keywords

    wellbeing indicators; political preferences; wellbeing preferences;

    JEL classification:

    • I0 - Health, Education, and Welfare - - General
    • H0 - Public Economics - - General

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