Title
Weights in multidimensional indices of wellbeing : an overview Weights in multidimensional indices of wellbeing : an overview
Author
Faculty/Department
Faculty of Social Sciences. Sociology
Publication type
article
Publication
Subject
Sociology
Economics
Mathematics
Source (journal)
Econometric reviews
Volume/pages
32(2013) :1 , p. 7-34
ISSN
0747-4938
ISI
000307354000002
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
Multidimensional indices are becoming increasingly important instruments to assess the wellbeing of societies. They move beyond the focus on a single indicator and yet they are easy to present and communicate. A crucial step in the construction of a multidimensional index of wellbeing is the selection of the relative weights for the different dimensions. The aim of this article is to study the role of these weights and to critically survey eight different approaches to set them. We categorize the approaches in three classes: data-driven, normative, and hybrid weighting, and compare their respective advantages and drawbacks.
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