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What utility notion—e.g., flow/lifetime, self/family-centered—do self-reported well-being (SWB) questions measure? First, we clarify the theoretical assumptions underlying existing applications regarding the (i) life domains, (ii) time horizons, and (iii) other-regarding preferences captured...
Persistent link: https://www.econbiz.de/10013241698
Happiness data--survey respondents' self-reported well-being (SWB)--have become increasingly common in economics research, with recent calls to use them in policymaking. Researchers have used SWB data in novel ways, for example to learn about welfare or preferences when choice data are...
Persistent link: https://www.econbiz.de/10014372484
Analyses of self-reported-well-being (SWB) survey data may be confounded if people use response scales differently. We use calibration questions, designed to have the same objective answer across respondents, to measure dimensional (i.e., specific to an SWB dimension) and general (i.e., common...
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What utility notion do self-reported well-being (SWB) questions measure? We clarify the assumptions that underlie existing applications regarding the (i) life domains, (ii) time horizons, and (iii) other-regarding preferences captured by SWB data. We ask survey respondents what they had in mind...
Persistent link: https://www.econbiz.de/10012482654
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We join the call for governments to routinely collect survey-based measures of self-reported wellbeing and for researchers to study them. We list a number of challenges that have to be overcome in order for these measures to eventually achieve a status competitive with traditional economic...
Persistent link: https://www.econbiz.de/10012861885