Title
What if we voted on the weights of a multidimensional well-being index? An illustration with Flemish data What if we voted on the weights of a multidimensional well-being index? An illustration with Flemish data
Author
Faculty/Department
Faculty of Social Sciences. Sociology
Publication type
article
Publication
London :Institute for Fiscal Studies ,
Subject
Economics
Source (journal)
Fiscal studies / Institute for Fiscal Studies [London] - London, 1979, currens
Volume/pages
34(2013) :3 , p. 315-332
ISSN
0143-5671
1475-5890
0143-5671
ISI
000323927500003
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
There is a widespread consensus that well-being is a multidimensional notion. To quantify multidimensional well-being, information on the relative weights of the different dimensions is essential. There is, however, considerable disagreement in the literature on the most appropriate weighting scheme to use. Making use of a recent data set for Flanders, we calculate and compare various common weighting schemes, which are uniformly applied to all individuals. We find that a policymaker would identify different groups of individuals as being worst off depending on the scheme that is chosen. In order to compare and evaluate the weighting schemes, we simulate the support each scheme would get in a voting procedure. Weighting schemes that obtain higher support reflect better the priorities of the respondents and suffer less from the problem of paternalism that is inherent to any common weighting scheme.
E-info
https://repository.uantwerpen.be/docman/iruaauth/a6851b/9a15323.pdf
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